Basrah crude rise over 2% despite global oil decline

2026-01-27 - 07:50

Shafaq News – Baghdad Basra crude prices recorded gains of around 2% on Tuesday, moving against the broader trend in global oil markets. Basra Heavy crude rose by $1.24, or 2.08%, to $60.98 per barrel, while Basra Medium crude increased by $1.24, or 1.99%, to settle at $63.43 per barrel. In international markets, Brent crude was priced at $65.19 per barrel, while US West Texas Intermediate stood at $60.30 per barrel.