Baghdad: Oil prices stabilized on Thursday: Oil prices found stability after experiencing a drop of more than a dollar in the previous session. The decline was influenced by investor sentiment, which was affected by the uncertainty surrounding trade talks between the United States and China, the largest oil consumer globally.

According to National Iraqi News Agency, Brent crude futures showed little change, standing at $61.12 a barrel. Meanwhile, U.S. West Texas Intermediate crude saw a slight increase of 6 cents, or 0.1 percent, reaching $58.12 a barrel.