Brent crude futures fell 5 cents, or 0.1%, to $78.23 a barrel at 0630 GMT, while West Texas Intermediate crude rose 12 cents, or 0.2%, to $73.09 a barrel.
The "changes in Iraq's domestic politics may lead to a durable political settlement very soon", said Citi, estimating that pipeline flows could grow by some 200,000 barrels per day . "A seasonal strengthening in demand by the end of Q2 is expected to drive prices higher from current levels," said analysts from National Australia Bank.
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Oil lower as dollar firms; market eyes Iraq exportsOil prices fell on Thursday as the dollar strengthened, with investors keeping close tabs on developments related to the reduction of Iraqi Kurdistan oil exports.
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‘We Finally Beat Big Oil': Gov. Newsom Signs Law Penalizing Oil Companies for Price GougingNewsom signed a new law that gives state regulators the power to penalize oil companies for making too much money, the first of its kind in the country. It’s the type of legislation the oil industry might have crushed in the past. But on Monday, the bill cleared the state Assembly with only one Democrat voting against it. Good! Only California? I wonder why? Communist Newsom
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