Baghdad: Oil prices stabilized in global markets on Tuesday, holding steady at positive levels supported by global demand data. Brent crude maintained its trading above the $71 per barrel mark after a morning decline. Brent crude futures rose to $71.33 a barrel, while West Texas Intermediate (WTI) crude settled at $66.22 a barrel.

According to National Iraqi News Agency, investors are closely monitoring global market movements and the impact of monetary policies and Asian demand on price stability in the coming period.