Shafaq News/ On Monday, the prices of Basrah Heavy andBasrah Medium crude rose alongside stable oil prices in global markets.
Basrah Heavy crude increased by 18 cents to $69.80, whileBasrah Medium crude also rose by 18 cents to $72.82.
According to Reuters, brent crude futures rose 8 cents, or0.11%, to $73.14 a barrel by 01:20 GMT. US West Texas Intermediate crudefutures gained 10 cents, or 0.14% to $69.32 a barrel.
That marked the contracts' biggest weekly declines sinceSept. 2, on slowing economic growth in China and falling risk premiums in theMiddle East. US President Joe Biden said on Friday there was an opportunity to"deal with Israel and Iran in a way that ends the conflict for awhile".