Shafaq News/ On Wednesday, Basrah crude oil prices edged lower as global oil prices jumped.

Basrah Heavy crude increased by $1.36 to $67.21 per barrel, and Basrah Medium crude by $1.36, reaching $70.21 per barrel.

Brent futures leaped $1, or 1.36%, to $74.56 a barrel, while U.S. West Texas Intermediate (WTI) crude spiked $1.07, or 1.53%, to $70.9 at 0330 GMT, according to Reuters.