Shafaq News/On Thursday, Basrah crude oil prices climbed as global oil benchmarks extendedgains.
Basrah Heavycrude increased by $0.21, or 0.27%, to $77.51 per barrel, while Basrah Mediumcrude climbed by $0.21, or 0.26%, to settle at $80.76 per barrel.
Oil pricesgained for a second consecutive session on Thursday, bolstered by supplyconcerns stemming from US sanctions on Russia, a sharper-than-expected declinein US crude oil inventories, and a strengthening global demand outlook.
By 04:46 GMT,Brent crude futures increased by 25 cents, or 0.3%, to $82.28 a barrel, while USWest Texas Intermediate (WTI) crude rose by 28 cents, or 0.4%, to $80.32 abarrel.