Significant Rise in Iraqi and Global Oil Prices Amid Positive Market Trading

Iraqi crude oil prices witnessed a tangible increase during daily trading in global markets, with both Basra Medium and Heavy crudes recording notable gains, surpassing the $59 and $57 per barrel marks, respectively. This upward trend aligns with the broader trajectory of global oil prices, as benchmark Brent crude and US West Texas Intermediate (WTI) registered positive increases, settling at $92 and $85 per barrel, respectively. This reflects a state of recovery and stability in global energy demand levels.