Global Sources: Iraqi production growth affects U.S. oil prices

The sources told " Reuters " in statements briefed by "Shafaq News”, that the price of U.S. oil futures fell during Asian trading on Tuesday; following three sessions of losses after Iraq's production helped in increasing crude to improve the supply, " pointing out " melting ice in relations between the U.S. and Iran also contributed in the improvement of supply expectations which is covered on strong economic data from China and Europe. "

Two Iraqi oilofficials had said on Monday that Iraq has increased its production from the southern oil fields after the completing the reform of the pipeline leak , but scheduled maintenance work continue to restrict exports of the second largest oil producer in OPEC .

It is worth mentioning that “Brent contracts” have fallen about eight dollars for its high level recorded at the beginning of September above 116 $ a barrel.