Basrah crude prices decline, diverging from global oil gains
2024-12-25T06:50:54+00:00
Shafaq News/ Basrah crude oil prices edged lower on Wednesday, reversing gains recorded in the previous session.
Basrah Heavy crude fell by 13 cents to $69.51 per barrel, while Basrah Medium crude dropped by the same margin to $72.61 per barrel.
Both grades had risen by 62 cents in the prior session, closing at $69.64 and $72.74 per barrel, respectively.
In contrast, global oil prices advanced. Brent crude futures settled at $73.58 per barrel, up 95 cents, or 1.3%, while US West Texas Intermediate (WTI) crude futures rose 86 cents, or 1.2%, to settle at $70.10 per barrel.
