Basra crude sees modest increase in global markets

Shafaq News/ On Thursday, Basra crude oil experienced a slight uptick with a rise in global oil prices.

Basra Heavy gained 11 cents, reaching $77.03, while Basra Intermediate rose 11 cents to $80.33.

Globally, oil prices maintained stability, holding onto previous gains following positive Chinese trade data and a smaller-than-expected rise in crude inventories, coupled with significant draws in fuel stocks according to U.S. data.

Brent crude futures exhibited a minor decrease of 4 cents, settling at $82.92 a barrel by 0432 GMT.

U.S. West Texas Intermediate crude futures saw a marginal decline of 1 cent, reaching $79.12 a barrel.