Basrah crude prices surge as Middle East tensions following Al-Assad's fall

Last Update: 2024-12-09 09:40:31 - Source: Shafaq News

Shafaq News/ On Monday, Basrah crude oil rose, mirroring theglobal oil prices.

Basrah Heavy increased by $0.14 to $67.37 per barrel, andBasrah Medium also climbed by $0.14 to $70.54 per barrel.

The price hikes coincided with escalating uncertainty in theMiddle East after Syrian opposition fighters overthrew President Basharal-Assad, intensifying global supply concerns.

By 01:40 GMT, Brent crude futures had risen 22 cents, or 0.3%,to $71.34 per barrel, while US West Texas Intermediate (WTI) crude futures alsogained 22 cents, or 0.3%, to reach $67.42 per barrel.