Slight increase in Basrah oil prices with global oil market gains

Last Update: 2024-09-09 10:25:06 - Source: 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.