Basrah crude price rises despite global oil market decline
2025-07-08T07:19:44+00:00
Shafaq News – Baghdad
Basrah crude prices climbed on Tuesday, defying a broader downturn in global oil markets.
Basrah Heavy rose by 57 cents to $66.68 per barrel, while Basrah Medium increased by the same margin to reach $69.78.
Globally, oil prices dipped after posting nearly 2% gains in the previous session, as investors reassessed new developments related to US tariffs and a larger-than-expected increase in OPEC+ output for August.
Brent crude stood at $69.37 per barrel, while US West Texas Intermediate (WTI) settled at $67.69.
