Basrah crude prices rise despite global oil decline

Basrah crude prices rise despite global oil decline
2026-01-15T07:02:25+00:00

Shafaq News– Baghdad

Iraq’s Basrah crude grades climbed on Thursday despite a drop in global oil prices.

Basrah Heavy rose by $1.11, or 1.88%, to settle at $60.18 per barrel, while Basrah Medium increased by 86 cents, or 1.40%, reaching $62.48 per barrel.

Brent futures fell $1.67, or 2.5%, at $64.85 a barrel. West Texas Intermediate (WTI) crude slipped $1.54, or 2.5%, to $60.48 a barrel.

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