Basrah crudes rise despite benchmark losses
2026-08-05T06:05:09+00:00
Shafaq News- Basrah
Iraq’s Basrah crude climbed about 3% on Wednesday, amid losses in benchmark crude futures.
Basrah Heavy crude rose by $1.57, or 3.03%, to $53.33 per barrel, while Basrah Medium crude gained $1.57, or 2.90%, to settle at $55.63 per barrel.
Brent crude futures fell by 92 cents, or about 1.2%, to $78.44 a barrel, while US West Texas Intermediate futures lost $1.07, or 1.4%, to $74.70 a barrel.
OPEC's basket held steady at $79.50 per barrel, while Saudi Arabia's Arab Light crude rose to $74.45 per barrel.
