Noticeable Decline in Iraqi and Global Oil Prices During Daily Trading

Iraqi oil prices recorded a noticeable decline during daily trading in global energy markets, coinciding with a drop in international crude benchmarks. Economic data showed a decrease in the price of Basra Medium crude to $63.15 per barrel, while Basra Heavy crude fell to $61.05 per barrel. Globally, energy markets witnessed a continuous downturn, with benchmark Brent crude recording $71.99 per barrel, while US West Texas Intermediate (WTI) crude dropped to $69.23 per barrel. This variance reflects ongoing fluctuations in energy markets influenced by current economic and geopolitical conditions.