Basra crude oil slightly rose despite global decline
2024-02-19T10:04:23+00:00
Shafaq News/ Basra's crude oil price rose slightly on Monday despite the decline in global oil prices.
Basra Heavy crude saw a $0.7 uptick today, settling at $77.19 per barrel. Similarly, the Basra Intermediate crude gained $0.7 to reach $80.56 per barrel.
The global oil prices dropped as the markets absorbed the remarks from the Federal Reserve (the US central bank) authorities that suggested prudence ahead of a potential rate reduction.
