Global Markets Witness Noticeable Decline in Iraqi Oil Prices

Global markets witnessed today, Monday (May 4, 2026), a noticeable decline in Iraqi oil prices during weekly trading.

Basra Medium crude recorded $123.57 per barrel, while Basra Heavy crude reached $112.92 per barrel, registering a change rate of -13.60 for both.

On the global level, British Brent crude recorded $108.76 per barrel, while US West Texas Intermediate crude reached $101.08 per barrel, with change rates of -2.10 and -2.45 respectively.