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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