Oil markets witnessed a decline in prices during daily trading, as both Iraqi and global oil prices recorded a noticeable drop. According to official market data, Basra Medium crude fell to $63.15 per barrel, and Basra Heavy crude dropped to $61.05 per barrel. Globally, crude prices continued their downward trend, with the benchmark Brent crude falling to $71.99 per barrel, while US West Texas Intermediate (WTI) crude dropped to $69.23 per barrel. These indicators reflect a state of volatility in global energy markets influenced by current economic and geopolitical variables.