Basra oil prices rise despite the decline in global markets

Baghdad: The prices of ‘heavy and medium’ Basra crude oil rose today, Monday, despite the decline in global oil prices.

Basra Heavy crude prices rose 49 cents to reach $82.71, and Basra medium crude prices also rose 49 cents to reach $85.56.

Global oil prices fell, affected by the rise of the dollar, after renewed fears that high interest rates would continue for a longer period and the lack of risk appetite among investors.

Source: National Iraqi News Agency

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