Basrah crudes slip for second week
2025-10-11T06:34:15+00:00
Shafaq News – Basrah
Iraq’s Basrah crude benchmarks fell for the second consecutive week, tracking a wider decline in global oil markets.
Basrah Heavy dropped $1.32 on Friday to $63.08 per barrel, marking a weekly loss of 13 cents, or 0.21%, while Basrah Medium closed at $64.76 after the same daily and weekly decline of 13 cents, or 0.2%.
The slide followed a sharp global sell-off as risk premiums eased after Israel and Hamas entered the first phase of a US-brokered ceasefire, pushing international benchmarks down more than 3% by week’s end.
