Basra crudes surge over 1%
2023-08-22T08:11:48+00:00
Shafaq News / Prices of both heavy and intermediate Basra crude oils experienced an increase of more than 1% on Tuesday, as global oil prices exhibited fluctuations.
The price of Basra heavy crude oil rose by $1.23 or approximately 1.48%, reaching $84.10.
Similarly, Basra intermediate crude oil prices climbed by $1.23 or approximately 1.43%, reaching $87.40.
Oil prices have been oscillating due to supply shortages caused by OPEC's output cuts, juxtaposed with subdued growth in China, the world's second-largest consumer.
