Slight Decline in Iraqi and Global Oil Prices Amid Market Fluctuations

Iraqi oil prices recorded a slight decline during daily trading in global markets. According to economic data, the price of Basra Medium crude fell to $64.42 per barrel, while Basra Heavy crude dropped to $62.32 per barrel. On the global front, markets witnessed a similar downturn, with benchmark Brent crude registering $70.79 per barrel and US West Texas Intermediate (WTI) crude falling to $67.82 per barrel. This decline is attributed to the current economic pressures and fluctuations impacting international energy markets.