Basra crudes rise as global oil prices fall
2024-03-05 12:00:07 - From: Shafaq News
Shafaq News / Crude oil prices for Basra Heavy and Basra Intermediate saw a slight increase, on Tuesday, despite the overall decline in oil prices in the global markets.
The price of Basra Heavy crude rose by 79 cents to reach $77.74, while Basra Intermediate crude saw an increase of 79 cents, reaching $81.04.
Global oil prices dipped as China, the world's largest crude oil importer, failed to reassure concerned investors about slowing consumption amid sluggish growth since the COVID-19 pandemic.
China's commitments to transforming its economy fell short in convincing worried investors.
