Basra: Prices of Basra Heavy and Medium crude oil rose on Tuesday, as global oil prices rose. Basra Heavy crude prices rose 59 cents, or 0.93%, to $63.80, while Basra Medium crude prices rose 59 cents, or 0.91%, to $65.35.

According to National Iraqi News Agency, oil prices rose as OPEC+’s lower-than-expected November production increase helped ease some concerns about a supply glut. Brent crude futures rose 23 cents, or 0.35%, to $65.70 a barrel, while U.S. West Texas Intermediate crude rose 21 cents, or 0.34%, to $61.90 a barrel.