Basrah crudes surge despite global oil decline

Basrah crudes surge despite global oil decline
2025-05-22T07:52:47+00:00

Shafaq News/ Basrah crude prices rose on Thursday, despite a global decline in oil markets.

Basrah Heavy crude increased by $1.69, or 1.12%, to settle at $62.29 per barrel, while Basrah Medium crude rose by the same amount, marking a 1.7% increase to $65.44 per barrel.

At 04:56 GMT, Brent crude fell by $0.33 to $64.58 per barrel, while US West Texas Intermediate (WTI) crude dropped $0.32 to $61.25 per barrel.

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