Significant Decline in Iraqi Oil Prices Amidst Global Crude Drop

Iraqi oil prices recorded a decline during daily trading in global markets. Economic data indicates that Basra Medium crude fell to $71.28 per barrel, while Basra Heavy crude reached $69.38 per barrel, both marking a 2.29% decrease. Globally, British Brent crude dropped to $93.69 per barrel, and US West Texas Intermediate (WTI) crude fell to $90.21 per barrel, reflecting decreases of 1.74% and 2.86%, respectively.