Basrah crude prices decline as global oil prices rebound
2024-08-29 10:20:06 - From: Shafaq News
Shafaq News/On Thursday, Basrah crude oil dropped with a rise in global oil prices.
Basrah Heavycrude edged lower by $1.42 to $74.19, and Basrah Medium also dropped by $1.42 to$77.19.
Basrah crudeprices dropped despite global oil markets rebounding after two days of losses.Concerns over potential oil supply disruptions from Libya drove global priceshigher, though a smaller-than-expected decline in U.S. crude stockpiles leftinvestors unimpressed.
By 0355 GMT,Brent crude futures had risen 9 cents, or 0.11%, to $78.74 per barrel, whileU.S. West Texas Intermediate (WTI) crude futures gained 15 cents, or 0.2%,reaching $74.67 per barrel.
