Oil prices moved higher in global markets on Saturday as supply concerns and ongoing geopolitical tensions continued to support energy markets, while Iraqi crude also posted fresh gains.
According to global market data, Brent Crude rose to around $109.26 per barrel, while West Texas Intermediate climbed to $105.42 per barrel.
Iraqi crude prices also increased, with Basra Medium crude reaching $108.27 per barrel and Basra Heavy crude rising to $106.17 per barrel. Both grades recorded gains of 1.38%.
The latest increase comes as markets continue monitoring developments tied to global oil supplies and rising concerns over shipping security and energy flows in the region.
These factors have continued to strengthen crude oil prices during recent trading sessions.
