Baghdad: Oil prices rose by more than $1 per barrel at settlement. Brent crude futures increased by $1.18, or 1.8 percent, reaching $67.44 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude futures for May delivery saw an increase of $1.23, or 2 percent, closing at $64.32 per barrel.

According to National Iraqi News Agency, the most widely traded US crude futures for June also experienced a 2 percent rise, settling at $63.47 per barrel.