Iraq joins Mideast rivals raising oil exports ahead of OPEC meeting - Reuters

Reuters reporting the latest headlines surrounding the oil markets that Iraq joined its Middle East rivals and raised oil exports as we head towards the OPEC June 2 meeting, sources familiar with the matter said.

Iraq, which is the second-largest producer in OPEC, had already been targeting record crude export volumes from southern terminals next month of 3.47 million barrels per day.

Meanwhile, Saudi Arabia, Kuwait, Iran and the United Arab Emirates, also plan to raise supplies in the third quarter.

Both crude benchmarks are seen attempting a minor pullback towards $ 50 mark heading into a calm American session.