Basra crudes surge on Tuesday
2024-01-02T06:57:28+00:00
Shafaq News / Prices of Basra heavy and Intermediate crude oil rose on Tuesday, mirroring the surge in global oil prices.
Basra heavy crude increased by 28 cents to reach $73.97, while Basra Intermediate crude rose by 28 cents to hit $76.56.
Global oil prices climbed by over one percent in early Asian trading, marking a higher start to the new year, driven by heightened attention toward a potential disruption in supplies from the Middle East due to maritime tensions in the Red Sea region.
