Prices of Iraq’s Basra Medium and Basra Heavy crude oil rose by 27 cents per barrel on Thursday.
Basra Medium reached $73.62 per barrel, up 0.37%, while Basra Heavy climbed to $69.62 per barrel, an increase of 0.39%.
Global oil prices also moved higher. Brent crude rose by $1.71 to $110.53 per barrel, while West Texas Intermediate (WTI) increased by $1.28 to reach $98.43 per barrel.
The OPEC basket price also climbed, rising by $2.39, or 2.20%, to reach $111.01 per barrel.