Basra crude oil prices rise amid global oil market stability

Date 9/12/2025

Prices for Basra crude, both heavy and medium grades, rose on Tuesday, as oil prices stabilized in global markets.
Basra Heavy crude prices rose 60 cents, or 1.01%, to $60.22, while Basra Medium crude prices rose 60 cents, or 0.98%, to $61.97.
Oil prices stabilized as market participants awaited peace talks aimed at ending Russia’s war in Ukraine and the imminent decision on US interest rates.