The prices of Basra crude oil, 'heavy and medium', fell today, Monday, with a decline in global oil prices. The price of Basra Heavy crude fell by 12 cents to reach $82.75, and the price of Basra Medium crude also fell by 12 cents to reach $86.85. Global oil prices fell amid signs of weak demand for fuel, at a time when comments by Federal Reserve officials (the US central bank) weakened hopes for lowering interest rates, which could lead to a slowdown in growth and a reduction in demand for fuel in the largest economy in the world. Source: National Iraqi News Agency
Related Articles
Kuwait crude oil up USD 2.09 to USD 77.82 pb — KPC
The Kuwaiti crude oil price rose USD 2.09 during Friday’s trading sessions to reach USD 77.82 per barrel, compared with USD 75.73 pb last Wednesday, Kuwait Petroleum Corporation (KPC) said on Saturday.In international markets, Brent crude futures went …
The House of Representatives receives the 2024 budget schedules
Baghdad, The Secretary of the Iraqi Council of Representatives, Safwan Bashir Younis, today, Tuesday, received the 2024 budget schedules from the government and referred them to the Presidency of the Council of Representatives.
The Council’s media sa…
Oil Prices Dip as US Federal Reserve Cuts Rates
Oil prices slipped on Wednesday following a US Federal Reserve announcement to slash interest rates by 50 basis points.
Brent crude futures for November delivery fell five cents to $73.65 a barrel, while US crude futures for October delivery fell 28 …