Basrah crudes drop 5% despite global oil gains
2026-11-03T06:28:04+00:00
Shafaq News- Basrah
Iraq’s Basrah crude prices fell by around 5% on Tuesday, despite gains in benchmark crude futures.
Basrah Heavy crude slid $3.97, or 5.36%, to $70.15 per barrel, while Basrah Medium crude dropped 5.08% to $74.15 per barrel.
Brent crude futures rose $0.03, or 0.03%, to $104.8 per barrel. US West Texas Intermediate (WTI) crude gained $0.20, or 0.21%, to $96.66 per barrel.
The OPEC reference basket stood at $115.86 per barrel, up 2.67%.
