Shafaq News/ On Thursday, the prices of Basrah Heavy andBasrah Medium crude edged lower alongside decreasing oil prices in globalmarkets.
Basrah Heavy crude fell by 38 cents to $70.14, while BasrahMedium crude inched lower by the same amount to $73.29.
Globally, oil prices edged higher on Thursday from two-weeklows, with investors eyeing developments in the Middle East and more details onChina's stimulus plans, as well as awaiting the release of official US oilinventory data.
Brent crude futures rose 17 cents, or 0.2%, to $74.39 abarrel by 0408 GMT, while US West Texas Intermediate crude futures were at$70.58 a barrel, up 19 cents, or 0.3%, according to Reuters.