Despite its global decline… Basra crude prices rise

Baghdad, The prices of Basra Heavy and Medium crude oil recorded an increase today, Wednesday, despite the decline in global oil prices.

Basra Heavy crude prices rose $1.24 to reach $82.29, and Basra Medium crude prices rose $1.8 to reach $85.39.

Global oil prices fell at a time when sector data showed a rise in crude and fuel inventories in the United States, indicating a possible weakness in demand, and caution prevailed in supply expectations before a meeting of the OPEC+ bloc next month.

Source: National Iraqi News Agency