Rise in Basra Heavy and Medium Crude Prices Amid Global Oil Market Decline

dijlahpoint - Iraqi crude oil prices for Basra Heavy and Medium recorded a notable increase, coinciding with a wave of decline across global markets, where Brent crude dropped by more than 1.4% and West Texas Intermediate fell by about 1%. Basra Heavy crude climbed to $73.86 per barrel, an increase of 31 cents or 0.42%, while Basra Medium rose to $76.86 per barrel with a similar increase of 31 cents or 0.40%. In contrast, Brent crude futures dropped to $104.48 per barrel, down by $1.58, and WTI futures fell to $94.19 per barrel, a decrease of 90 cents.