The prices of Iraqi and global oil rise amid gains for Brent crude
Iraqi oil prices saw a new increase today, Wednesday, coinciding with the rise in oil prices in global markets, with gains covering various major crude types, as reported by a correspondent from the news video agency.
The price of Basra Heavy crude rose by $1.39 per barrel to reach $73.55, achieving an increase of 1.93%, while Basra Medium crude also rose by the same amount to $76.55 per barrel, with an increase of 1.85%.
Globally, West Texas Intermediate crude oil futures rose to $94.76 per barrel, an increase of $0.58, or 0.62%, while Brent crude climbed to $106.37 per barrel, up $0.68, or 0.64%.
The basket of crude oils of the Organization of the Petroleum Exporting Countries (OPEC) recorded $114.03 per barrel, an increase of $4.53, or 4.14%, marking the highest percentage increase among the mentioned prices.
This rise comes amid movements in the global oil markets, reflecting on Iraqi crude prices, as investors monitor developments affecting supply and demand and energy price trends.