Basra heavy crude gains +6% on Wednesday
2022-03-23T09:19:44+00:00
Shafaq News/ Basra's heavy crude exported to Asia on Monday rose by 5.91%, equivalent to $6.07, settling at $108.8 a barrel.
The Saudi Arab light crude is at $117.89 a barrel, while UAE's Murban Mixture and the Algerian Saharan blend registered $112 and $118.27 a barrel, respectively. A barrel of Bonny light (Nigeria) reported $115.59, while Iran's heavy blend registered $110.15.
Oil prices rose on Wednesday as a reported drop in U.S. crude inventories increased concerns about tight global supplies amid the hit to Russian exports from economic sanctions.
