Basrah crude prices fall despite global oil rise
2024-10-29 12:03:21 - From: Shafaq News
Shafaq News/On Tuesday, Basrah Heavy and Basrah Medium crude prices fell, despite risingoil prices in global markets.
Basrah Heavyfell by $1.67 to $ 67.80per barrel, and Basrah Medium decreased by $1.67 reaching $70.95 per barrel.
Oil pricesrose following a steep decline in the previous trading session, buoyed by a USplan to replenish its Strategic Petroleum Reserve, even as investors remainedattentive to developments in the Middle East.
By 04:15 GMT,Brent crude futures climbed 3 cents to $71.45 a barrel, while US West TexasIntermediate crude was up 7 cents at $67.45 a barrel.
