Basra crude oil records an increase as Brent prices stabilize

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Basra crude oil records an increase as Brent prices stabilize

Today, Thursday, Basra heavy and medium crude prices increased, while Brent prices remained stable.

The market is awaiting geopolitical developments in the Middle East and upcoming US inventory data, and Basra Heavy crude prices increased $1.15 to $82.10. Brent crude futures did not change, remaining slightly below the highest level in seven weeks.