Shafaq News- Basrah
Iraq’s Basrah crude prices edged lower by around 1.2% onWednesday, while continuing to outperform several regional benchmarks.
Basrah Heavy crude fell by $1.39 to $107.61 per barrel,while Basrah Medium crude slipped by the same margin to $109.71.
Among other Arab benchmarks, Dubai crude stood at $104.40per barrel, Emirati Das crude at $105.63, and Qatar Land crude at $105.38 perbarrel.
Globally, Brent crude oil dropped 88 cents, or 0.8%, to$110.40 per barrel. US West Texas Intermediate (WTI) retreated 67 cents, or0.6%, to $103.48.