Basrah crudes surge, global oil steady
2025-04-02 05:42
Shafaq News/ On Wednesday, Basrah crude oil prices climbed with a stabilization in global oil prices.
Basrah Heavy crude gained 76 cents (1.07%) to reach $72.04 per barrel, and Basrah Medium crude surged by 76 cents (1.07%) to $75.09 per barrel.
Brent futures rose 16 cents, or 0.2%, to $74.93 a barrel at 0330 GMT, while US West Texas Intermediate crude futures climbed 13 cents, or 0.2%, to $71.61.
Brent crude edged up 1 cent to $74.50 a barrel by 0346 GMT, after declining 0.4% on Tuesday. US West Texas Intermediate (WTI) crude rose 3 cents to $71.23, following a 0.4% drop.
Both benchmarks had settled at their highest in five weeks on Monday.
