Preheat your oven to 350°F (175°C). Grease your loaf pan with oil or non-stick spray to prevent sticking.
In a large mixing bowl, whisk together the sugar and oil until well combined. Add in the eggs, vanilla extract, almond extract, and milk. Mix until the mixture is smooth and creamy.
In a separate bowl, whisk together the flour, baking powder, salt, and poppy seeds. This ensures that the leavening agents and flavors are evenly distributed.
Gradually add the dry ingredients to the wet mixture, stirring gently until just combined. Be careful not to overmix; a few lumps are perfectly fine.
Pour the batter into the prepared loaf pan, smoothing the top with a spatula. Bake in the preheated oven for 55-65 minutes or until a toothpick inserted into the center comes out clean.
Once baked, remove the bread from the oven and let it cool in the pan for about 10 minutes. Then, transfer it to a cooling rack to cool completely. To prepare the glaze, mix powdered sugar with a bit of milk until you reach a drizzling consistency. Once the bread has cooled, drizzle the glaze over the top and allow it to set.