Basrah crudes inch higher amid global oil surge
2025-04-15T06:00:45+00:00
Shafaq News/ On Tuesday, Basrah Heavy and Basrah Medium crude oil prices rose more than 1%, tracking gains in global oil markets.
Basrah Heavy crude climbed by $0.64, or 1.04%, to $62.33 per barrel, while Basrah Medium increased by the same amount, up 0.99% to $65.48 per barrel.
The global oil market rallied after the US government, under President Donald Trump, eased some tariffs on key trading partners. Rising demand from China, the world’s second-largest oil consumer, also supported prices.
Brent crude was last trading at $65.15, while US West Texas Intermediate (WTI) stood at $61.79.
