Basrah crudes plunge amid global oil losses
2026-07-28T06:18:26+00:00
Shafaq News- Basrah
Iraq’s Basrah crude tumbled more than 17% on Tuesday, while major global benchmarks declined.
Basrah Heavy crude dropped by $11.63, or 17.67%, to $54.19 per barrel, while Basrah Medium crude fell by $11.63, or 17.07%, to settle at $56.49 per barrel.
Brent crude futures declined by $1.47, or 1.66%, to $86.89 per barrel, while US West Texas Intermediate crude lost $1.45, or 1.76%, to $81.16 per barrel, with both benchmarks hitting their lowest levels since July 20.
