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Basrah crude prices dip slightly with Global oil price stability

Basrah crude prices dip slightly with Global oil price stability
Basrah crude prices dip slightly with Global oil price stability

2024-08-12 11:00:06 - From: Shafaq News


Shafaq News/ On Monday, Basrah crude oil decreased despite a stability in global oil prices.

Basrah Heavy crude edged lower by $0.14 to $73.60, while Basrah Medium also rose by $0.14 to $76.77.

Global oil prices remained stable, maintaining most of their gains from the previous week, which had exceeded three percent. This stability was supported by geopolitical tensions and better-than-expected economic data.

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.