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Basrah crude drops despite global oil rise

Shafaq News 2026/06/03 10:16

Shafaq News-Basrah

Basrah crudeslipped by less than 1% on Wednesday, diverging from broader gains in globaloil markets.

Basrah Heavycrude lost 0.47% to $68.23 per barrel, while Basrah Medium crude declined 0.45%to $70.33 per barrel.

In regionalmarkets, UAE’s Murban crude rose 1.76% to $96.09. Oman crude on the DubaiMercantile Exchange advanced 4.40% to $92.06 a barrel, with the OPEC basketincreasing 1.23% to $104.05 per barrel.

Brent crudegained 81 cents, or 0.8%, to $96.81 a barrel. US West Texas Intermediate (WTI)climbed 91 cents, or 1.0%, to $94.67. 

Read full story at source (Shafaq News)