Iraqi oil prices recorded a decline today, Monday (May 4, 2026), during weekly trading in the global market.

According to market data, Basra Medium crude rose to $123.57 per barrel, while Basra Heavy crude recorded $112.92 per barrel, with a change rate of -13.60 for both.

Regarding global oil prices, British Brent crude recorded $108.76 per barrel, while US West Texas Intermediate crude recorded $101.08 per barrel, with change rates of -2.10 and -2.45 respectively.