Basrah crudes surge amid global oil stability
2024-12-17T05:22:32+00:00
Shafaq News/ On Tuesday, the prices of Basrah Heavy and Basrah Medium crude oil inched higher as global oil prices remained stable.
Basrah Heavy crude rose by 68 cents to $68.99, while Basrah Medium crude also climbed by 68 cents, reaching $72.09.
Global oil prices stabilized amid expectations of weaker demand from China, and investors took profits following a 2% increase in oil prices last week.
US West Texas Intermediate crude was down 6 cents at $70.65 a barrel, while Brent crude futures fell 1 cent to $73.90 a barrel.
