Basrah crude rises amid a drop in global market
2024-05-08T06:04:12+00:00
Shafaq News / On Wednesday, the price of Basrah crude oil rose amid a decline in global oil prices.
Basrah Heavy crude increased by $1.24 to $82.29, while Basrah Medium rose $1.8 to $85.39.
Global oil prices fell when sector data showed a rise in crude and fuel inventories in the United States, indicating a possible weakness in demand, and caution prevailed in supply expectations before the OPEC + bloc meeting next month.
Brent crude oil futures fell 30 cents, or 0.36%, to $82.86 a barrel by 0348 GMT. U.S. West Texas Intermediate crude futures fell 25 cents, or 0.32%, to $78.13 a barrel.
