On Thursday, Basrah crude oil prices saw a modest increase, despite a drop in global oil prices. Basrah Heavy crude rose by 18 cents, or 0.27%, to $67.42 per barrel, while Basrah Medium crude increased by 18 cents (0.26%), reaching $70.47 per barrel.
Meanwhile, global oil benchmarks experienced slight declines. Brent futures fell 5 cents to $70.90 a barrel, while U.S. West Texas Intermediate crude futures shed 10 cents, dropping to $67.58 per barrel, as markets weighed economic concerns and mixed demand signals.