Basrah crudes slip despite steady global oil prices
2025-12-10T07:07:20+00:00
Shafaq News – Basrah
Basrah crude prices fell on Wednesday despite stability in global oil markets, extending local losses amid broader concerns over oversupply.
Basrah Heavy dropped $1.62, or 2.69%, to $58.60 a barrel, while Basrah Medium fell $1.52, or 2.45%, to $60.45 a barrel, according to market data.
Global oil prices steadied after shedding nearly 1% in the previous session, as fears of supply outpacing demand capped gains, while investors watched closely for progress in peace talks between Russia and Ukraine.
