Basrah crude prices surge as Middle East tensions following Al-Assad's fall
2024-12-09T06:15:11+00:00
Shafaq News/ On Monday, Basrah crude oil rose, mirroring the global oil prices.
Basrah Heavy increased by $0.14 to $67.37 per barrel, and Basrah Medium also climbed by $0.14 to $70.54 per barrel.
The price hikes coincided with escalating uncertainty in the Middle East after Syrian opposition fighters overthrew President Bashar al-Assad, intensifying global supply concerns.
By 01:40 GMT, Brent crude futures had risen 22 cents, or 0.3%, to $71.34 per barrel, while US West Texas Intermediate (WTI) crude futures also gained 22 cents, or 0.3%, to reach $67.42 per barrel.
