Basrah crudes fall despite global gains

2026-02-26 - 06:24

Shafaq News- Basrah Iraq’s Basrah crude declined more than 1% on Thursday, amid strength in global oil markets. Basrah Heavy crude fell by 68 cents, or 1.1%, to $66.67 per barrel, while Basrah Medium crude slipped by 68 cents, or 0.98%, to settle at $68.92 per barrel. Brent futures climbed to $71.04 per barrel, gaining 19 cents, or 0.3%, at 0415 GMT. West Texas Intermediate crude (WTI) futures advanced 15 cents, or 0.2%, to $65.57 per barrel.