Iraqi oil prices rose on Wednesday as crude prices also increased in global markets. Gains were recorded across all major grades, including Basra Heavy, Basra Medium, Brent and West Texas Intermediate (WTI).
Basra Heavy crude climbed by $1.39 per barrel to $73.55, up 1.93%. Basra Medium also gained $1.39, reaching $76.55 per barrel, an increase of 1.85%.
In international markets, WTI crude futures rose by 58 cents, or 0.62%, to $94.76 per barrel. Brent crude increased by 68 cents, or 0.64%, to $106.37 per barrel.
The OPEC basket also recorded a strong gain, rising by $4.53 per barrel to $114.03, an increase of 4.14%.