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Slight increase in Basrah oil prices with global oil market gains

Slight increase in Basrah oil prices with global oil market gains
Slight increase in Basrah oil prices with global oil market gains

2024-09-09 10:25:06 - From: Shafaq News


Shafaq News/On Monday, Basrah crude oil climbed , following the broader global oil markettrend.

Basrah Heavy increased by 21cents, reaching $68.24, while Basrah Medium also rose by 21 cents, reaching$71.28.

Global oil prices climbed asa potential hurricane approached the US Gulf Coast and markets rebounded from aselloff triggered by weaker-than-expected US jobs data released on Friday.

By 01:46 GMT, West TexasIntermediate (WTI) crude futures rose by $1, or 1.48%, to $68.67 per barrel.Brent crude futures also saw an increase of 99 cents, or 1.39%, reaching $72.05per barrel.