Basra: Basra Heavy crude oil prices rose on Tuesday, amid stable global oil prices. Basra Heavy crude prices increased by $1.12, or 1.76%, to reach $64.68, while Basra Medium crude prices also rose by $1.12, or 1.71%, to reach $66.53.

According to National Iraqi News Agency, global oil prices stabilized as the OPEC+ alliance halted production increases in the first quarter of next year, amid concerns about a global supply glut.