Basrah crude prices fall despite global oil stability
2024-11-12T06:38:07+00:00
Shafaq News/ On Tuesday, prices for Basrah Heavy and Basrah Medium crude dropped, despite global oil price stability.
Basrah Heavy decreased by $1.10 to $68.65 per barrel, while Basrah Medium also fell by $1.10 to $71.80 per barrel.
Global oil prices steadied ahead of OPEC's monthly report, as China's stimulus plan and oversupply concerns had calmed markets in previous sessions.
By 01:58 GMT, Brent crude futures dropped 1 cent to $71.82 per barrel, while US West Texas Intermediate crude futures rose 3 cents to $68.07 per barrel.
