On Thursday, Basra crude prices fluctuated with the global uptrend in oil prices.
Basra Heavy crude rose $1.96 to $70.77, and Basra Intermediate crude prices decreased $1.96 to $73.32.
The surge in global oil prices was attributed to market evaluations of escalating tensions in the Middle East.
Brent crude futures gained 48 cents, or 0.48%, to $77.17 a barrel at 0510 GMT, while U.S. West Texas Intermediate crude futures rose 32 cents, or 0.45%, to $71.69 a barrel.