Expectations Point to Setting Oil Price Between $53 and $56 in the Upcoming General Budget

mniraq - Informed financial sources have revealed the mechanism for calculating the price of a barrel of oil in the upcoming general budget, amidst current regional tensions. The sources confirmed that the ongoing disturbances are temporary and cannot be the sole basis for an annual budget; rather, comprehensive studies of the global oil market are utilized. Estimates suggest the price per barrel in the budget will range between $53 and $56, with a possibility of considering an increase to levels between $60 and $70 based on sales indicators and international demand, noting that the budget is still in its planning phase.