Basra crude prices rise slightly with the rise in oil prices in global markets

The prices of Basra Heavy and Medium crude oil rose slightly today, Wednesday, with oil prices rising in global markets. Basra Heavy crude prices rose 42 cents to reach $83.43, and Basra Medium crude prices rose 42 cents to reach $86.81. Global oil prices rose as a larger-than-expected decline in US crude inventories and escalating geopolitical tensions raised investor concerns about tight supplies. Source: National Iraqi News Agency