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The price of Basra Heavy crude jumps above $100 a barrel
Shafaq News/ The price of Basra Heavy crude rose, on Thursday, to exceed $100, with global oil prices fluctuating.
Basra Heavy crude, exported to Asia, rose $2.74, a change rate of 2.79%, to reach $100.90 per barrel.
Most of the prices of OPEC crudes rose, with the exception of Nigeria’s Bonny Light, which recorded $104.56 a barrel, a decrease of $0.68 a barrel, while Saudi Arabian crude scored $111.68 a barrel, an increase of $2.78, and Algeria’s Sahran blend reached $105.62, an increase of $0.68, and Iran’s heavy blend reached $103.62. An increase of $0.46, and the Emirati Murban blend crude amounted to $104.98, an increase of $3.09, while the Angolan Girasol crude amounted to $103.07, an increase of $0.17.
Oil prices fluctuated yesterday and Thursday, with supply concerns about the disruption of Russian oil and gas following a significant escalation of the dispute between Russia and the West over its invasion of Ukraine, and what the International Monetary Fund announced its expectations of weak global economic growth for the current year.
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Basra Heavy crude, exported to Asia, rose $2.74, a change rate of 2.79%, to reach $100.90 per barrel.
Most of the prices of OPEC crudes rose, with the exception of Nigeria’s Bonny Light, which recorded $104.56 a barrel, a decrease of $0.68 a barrel, while Saudi Arabian crude scored $111.68 a barrel, an increase of $2.78, and Algeria’s Sahran blend reached $105.62, an increase of $0.68, and Iran’s heavy blend reached $103.62. An increase of $0.46, and the Emirati Murban blend crude amounted to $104.98, an increase of $3.09, while the Angolan Girasol crude amounted to $103.07, an increase of $0.17.
Oil prices fluctuated yesterday and Thursday, with supply concerns about the disruption of Russian oil and gas following a significant escalation of the dispute between Russia and the West over its invasion of Ukraine, and what the International Monetary Fund announced its expectations of weak global economic growth for the current year.
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