Basrah Crude Prices Surge 7% Amid Global Oil Recovery
Basrah crude prices rose on Tuesday in Iraq, with Basrah Heavy gaining more than 7% alongside a recovery in global oil benchmarks.
Basrah Heavy climbed $5.91 to $80.43 per barrel, while Basrah Medium gained $5.91 to $83.73.
In global markets, Brent crude rose $1.05 to $91.54 a barrel and U.S. West Texas Intermediate (WTI) gained 1.5% to around $87.03.