Iraqi Crude and Global Oil Prices Surge in International Markets

Iraqi crude oil prices registered a noticeable rise during daily trading in global markets, with Basra Medium advancing to $59.22 per barrel and Basra Heavy rising to $57.32 per barrel, both gaining 2.85%. This uptick coincided with broader gains in global oil benchmarks, as Brent crude rose by 0.90% to reach $92.29 per barrel, while U.S. West Texas Intermediate (WTI) gained 0.88% to settle at $85.22 per barrel.