Shafaq News / The rates for Basra Heavy crude rose by $1.36 to reach $80.33 per barrel, while Basra intermediate crude increased by $1.66 to reach $83.39 per barrel.
Following a brief period of fluctuation, global oil prices have stabilized, as the market absorbed differing perspectives regarding supply and demand forecasts. A sector report also indicated an increase in U.S. inventories.