Notable Rise in Iraqi Oil Prices in Global Markets Amid Divergence in Brent and Texas Crudes

Iraqi oil prices witnessed a noticeable increase during daily trading in global markets. According to the latest economic data, Basra Medium crude rose to $55.22 per barrel, while Basra Heavy crude climbed to $53.32 per barrel, both achieving a growth rate of +1.57. On the global market front, indicators showed slight divergence, with British Brent crude declining to $78.29 per barrel, a drop of -0.64, while US West Texas Intermediate (WTI) recorded $74.22 per barrel, a decrease of -0.85.


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Notable Rise in Iraqi Oil Prices in Global Markets Amid Divergence in Brent and Texas Crudes

admin
05 Aug 2026
1 min read