Global energy markets witnessed a noticeable divergence in crude oil trading prices, with Iraqi oil prices recording a decline in their market value. According to economic data, the price of medium Basra crude dropped to $63.15 per barrel, while heavy
Basra crude fell to $61.05 per barrel. Globally, this state of fluctuation was reflected in futures contracts, as benchmark Brent crude declined to $71.99 per barrel, while US benchmark West Texas Intermediate (WTI) fell to $69.23 per barrel, influenced by
economic indicators and current dynamics governing supply and demand levels in international markets.
