Prices of Basra crudes to Asian markets shrug +2.5% on Thursday
2022-10-20T11:43:49+00:00
Shafaq News/ The price of Basra crudes to Asian customers shrugged more than 2.5% on Thursday, pressured by the downtrend of global benchmarks.
Basra's heavy crude price to Asian markets slid by $2.48, or 2.79%, settling $86.44. The intermediate crude of Basra dropped to $81.14 after losing $2.48, or 2.97%.
Oil prices have rallied since the Organization of the Petroleum Exporting Countries agreed to reduce its production target by roughly 2 million barrels a day - though that is expected to only include about 1 million barrels of actual output declines.
