Iraqi oil prices closed on Thursday (May 7, 2026) with relative stability in global markets, amid slight fluctuations in international indicators.
Basra Medium crude recorded stability at $123.57 per barrel, while Basra Heavy crude reached $112.92 per barrel, with a slight decline of 0.19%.
On the global level, Brent crude stabilized at $101.76 per barrel, while West Texas Intermediate American crude rose to $95.08 per barrel, with increases of 0.10% and 0.45% respectively.
