Basrah crude rises despite global oil dip
2025-09-03T08:20:44+00:00
Shafaq News – Baghdad
Iraq’s Basrah crude grades gained on Wednesday even as global oil prices eased.
Basrah Heavy rose 76 cents, or 1.15%, to $67.20 per barrel, while Basrah Medium climbed by the same amount, up 1.09% to $70.22 per barrel.
International benchmarks edged lower but held near one-month highs, pressured by new US sanctions on shipping firms accused of smuggling Iranian oil under Iraqi labels, while traders awaited the upcoming OPEC+ meeting.
Brent crude settled at $68.95 per barrel, while US West Texas Intermediate (WTI) closed at $65.43.
