Basra crude drop amid global oil stabilization
2023-12-26T07:20:39+00:00
Shafaq News/ On Tuesday, Basra crude oil price edged lower with the the global oil prices stabilizing.
Basra Heavy crude prices fell by $1.02, reaching $73.59, while Basra Intermediate prices also decreased by $1.02, reaching $76.14.
The global oil market had recently witnessed a stable trend following the largest weekly increase over two months. However, attention remains on shipping disruptions in the Red Sea, prompted by a series of Houthi attacks on ships in this crucial waterway.
