Iraqi oil prices recorded stability on Thursday (May 7, 2026) during daily trading in global markets.

According to data, Basra Medium crude price stabilized at $123.57 per barrel, while Basra Heavy crude reached $112.92 per barrel, with a change rate of -0.19 for both.

On the global markets level, Brent crude recorded $101.76 per barrel, while West Texas Intermediate American crude reached $95.08 per barrel, with change rates of +0.10 and +0.45 respectively.