Basra crude prices to Asian markets drop on Thursday

2022-07-14T10:06:21.000000Z

Shafaq News/ The price of Basra crudes to Asian customers climbed on Thursday amid concerns over recession.

Basra's heavy crudes climbed by $4.47, equivalent to 4.65%, settling at $91.68, while the intermediate reached $95.03; $4.47, equivalent to 4.49%.

Oil prices rose on Thursday, with Brent breaking above $100 a barrel, as investors weighed tight supplies against the prospect of a large U.S. rate hike that would stem inflation and curb crude demand.

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