Basrah crude prices fall despite global oil rise
2024-10-29T07:23:41+00:00
Shafaq News/ On Tuesday, Basrah Heavy and Basrah Medium crude prices fell, despite rising oil prices in global markets.
Basrah Heavy fell by $1.67 to $ 67.80 per barrel, and Basrah Medium decreased by $1.67 reaching $70.95 per barrel.
Oil prices rose following a steep decline in the previous trading session, buoyed by a US plan to replenish its Strategic Petroleum Reserve, even as investors remained attentive to developments in the Middle East.
By 04:15 GMT, Brent crude futures climbed 3 cents to $71.45 a barrel, while US West Texas Intermediate crude was up 7 cents at $67.45 a barrel.
