Basrah crudes drop with a global decline

2026-02-03 - 07:16

Shafaq News– Basrah Iraq’s Basrah crude recorded heavy losses on Tuesday, with prices easing by 5% amid a broader downturn in global oil markets. Basrah Heavy crude fell $3.26 to $60.49 per barrel, and Basrah Medium crude declined $3.26, reaching $62.94 per barrel. Brent crude dropped 39 cents, or 0.5%, to $65.91 per barrel. US West Texas Intermediate (WTI) slid 31 cents, or 0.5%, to $61.83.