Basra crude prices rise as oil rises in global markets

Basra Heavy and Medium crude prices rose today, Wednesday, as oil prices rose in global markets. Basra Heavy crude prices rose $1.4 to $75.61, while Basra Medium crude prices rose $1.4 to $78.61. Oil prices rose, after a sharp decline in the previous session ended a three-day winning streak as investors oscillated between concerns about possible supply disruptions from Libya and the Middle East and concerns about global fuel demand. Source: National Iraqi News Agency