Shafaq News / The prices of Basra Heavy and Basra Intermediate crude oil rose on Monday, propelled by the global increase in oil prices.
Basra Heavy crude oil prices surged by 27 cents, reaching $73.38, while Basra Intermediate crude oil prices also increased by 27 cents, reaching $75.93.
The global oil prices surged, supported by a decline in exports from Russia and mounting concerns over supply disruptions due to Houthi attacks on ships in the Red Sea.