Iraq Oil Minister Called Oil At $75

Iraq's oil minister Ihsan Abdul-Jabbar expects crude oil to recover to $75 per barrel, Reuters has reported, citing an interview of Abdul-Jabbar for Iraqi state TV. Shortly after the comment, oil prices rose, and are trading at $75 for Brent and over $71 for West Texas Intermediate. This, after both benchmarks slumped by over $10 in one day following the news of a new coronavirus variant last week. OPEC is trying to "control the energy market, in a positive way," the top Baghdad official said, adding that the current price level of oil was…