Shafaq News – Basrah
Basrah crude prices rose on Thursday despite a global downturn in oil markets.
Basrah Heavy gained 72 cents, or 1.9%, to $66.66 a barrel, while Basra Medium climbed by the same amount, up 1.7%, to $68.21.
Global benchmarks slipped after hitting seven-week highs in the previous session, as investors locked in profits amid uncertainty over supply and demand. Brent crude stood at $69.05 a barrel and US West Texas Intermediate at $64.72.