Iraq Oil Ministry: Exports drop but rising price means revenue increases…

Iraq oil sales earned $500 million more in March than February because of increased oil prices, despite a slight drop in exports, Oil Ministry data shows.

The average price Iraq oil fetched last month was $95.02 per barrel, up from $89.79 per barrel in February, both below average global prices, which were more than $100 per barrel. Iraq earned $5.6 billion from oil sales in March, Ben Lando reports for United Press International.