Basrah crudes surge despite global oil stability
2025-05-08T06:51:33+00:00
Shafaq News/ Iraq’s Basrah crude grades edged higher, on Thursday, as global oil prices held steady after recent losses driven by uncertainty surrounding US-China trade talks.
Basrah Heavy crude rose by 49 cents, or 0.82%, to $60.41 per barrel, while Basrah Medium climbed by the same amount, marking a 0.78% increase to $63.56 per barrel.
Global benchmarks were little changed after falling more than a dollar in the previous session. Brent crude was last recorded at $61.12, while US West Texas Intermediate stood at $58.12 per barrel.
