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Basrah Crude Prices Surge Amid Benchmark Declines | Iraq News
Iraq's Basrah Heavy and Medium crude prices increased despite declines in global benchmarks. Basrah Heavy rose by $2.56 to $73.98 per barrel, while Basrah Medium gained the same amount, reaching $77.98. In contrast, Brent crude futures fell by $1.22 to $114.10, and WTI dropped by $1.33 to $101.45. The decrease in benchmarks coincides with easing concerns about supply disruptions due to hopes for renewed peace talks in the Middle East. This divergence in pricing reflects a complex market
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