Basrah crudes drop despite global oil surge
2024-08-08T06:50:00+00:00
Shafaq News/ On Thursday, Basrah crude oil decreased despite a rise in global oil prices.
Basrah Heavy crude edged lower by $0.59 to $71.65, while Basrah Medium also rose by $0.59 to $74.46.
Global oil prices increased after US government data revealed a significant drop in crude inventories, helping prices recover from their lowest levels in several months.
Brent crude futures increased by 23 cents, or 0.3%, to $78.56 a barrel, while US West Texas Intermediate (WTI) crude gained 29 cents, or 0.4%, reaching $75.52 as of 0017 GMT.
