Shafaq News- Basrah
Iraq’s Basrah Medium crude climbed above $85 a barrel in early September, extending a rebound from lower levels seen in July and parts of August, according to official Oil data.
The grade averaged $85.10 a barrel in June before falling to $78.37 in July, a decline of $6.73, or about 7.9%.
Prices remained volatile through August, falling below $60 a barrel early in the month before rebounding sharply later.
On September 4, Basrah Medium reached $85.97 a barrel, marking a strong recovery from its August lows.