Iraq’s Oil Minister Adel Abdel Mehdi said on Sunday world oil prices were gradually rebounding and he expected to see a barrel of crude selling at around $65. I can see that oil will be sold at $64 to $65 a barrel,” he told a news conference in Baghdad. OPEC producer Iraq has been hit by the slump, with revenues falling sharply just as it faces a costly military campaign against Islamic State militants who have seized large parts of the north and west of the country. Iraq’s oil revenues for February were just a fraction under $3.5 billion, on exports of 2.535 million barrels per day.