Global oil prices have fallen after the longest gain in 4 years as Iraq seeks to increase oil output amidst a global oversupply and the militant group Niger Delta Avengers promised to stop targeting the country’s oil infrastructure. Notably, Oil prices had climbed by over 20% since falling below $40 a barrel earlier due to the reduction in the oversupply.
Global oil prices fall after longest gain in 4yrs
![](https://youngmindsonline.org/wp-content/uploads/2016/08/Global-oil-prices-fall-after-longest-gain-in-4yrs.jpg)