Shafaq News/On Thursday, the price of Basrah Heavy and Basrah Medium crude oil rose, mirroringthe global oil prices.
Basrah Heavyincreased by $1.63 to $68.91 per barrel, while Basrah Medium also climbed by $1.63to $72.06 per barrel.
The pricehike comes ahead of an upcoming OPEC meeting, with investors closely watchingthe discussions and monitoring the ongoing tensions in the Middle East.
By 04:00 GMT,Brent crude futures rose 6 cents, or 0.08%, to $72.37 a barrel, while US WestTexas Intermediate crude (WTI) futures rose 7 cents, or 0.10% to $68.61 abarrel.