Iraqi Oil Prices Rise in Global Markets Amid a Decline in Benchmark Crudes

Iraqi oil prices experienced a notable increase during daily trading in global markets. Basra Medium crude rose to $68.65 per barrel, while Basra Heavy climbed to $65.35 per barrel, both marking a positive change of 1.43%. Conversely, global benchmark crudes saw a decline; Brent crude dropped to $96.29 per barrel, a decrease of 2.90%, while US West Texas Intermediate (WTI) fell to $89.22 per barrel, registering a decline of 3.88%.