Notable Increase in Iraqi Oil Prices in Global Markets

Iraqi oil prices recorded a notable increase during daily trading in global markets. Economic data showed that the price of Basra Medium crude rose to $55.22 per barrel, while Basra Heavy crude reached $53.32 per barrel, both marking a positive percentage change of +1.57. Regarding global energy markets, the benchmark Brent crude traded at $78.29 per barrel, whereas the US West Texas Intermediate (WTI) crude slightly declined to $74.22 per barrel, with percentage changes of -0.64 and -0.85, respectively.