Shafaq News- Basrah
Iraq’s Basrah crude plunged more than 4% on Wednesday as majorglobal benchmarks moved lower.
Basrah Heavy crude dropped to $45.78 per barrel, losing 4.09%, whileBasrah Medium crude slipped to $47.88 per barrel, down 3.91%.
Brent crude edged down to $76.30 per barrel, shedding 78 cents, or1%. US West Texas Intermediate (WTI) crude retreated to $72.43 per barrel, down78 cents, or 1.1%.
Most crude grades across Arab and global benchmarksrecorded losses, with Saudi Arabia’s Arab Light crude shedding 2.52% to $78.69per barrel, while the UAE’s Das crude declined 2.90% to $69.31 and Qatar Marinecrude decreased 2.91% to $69.01. OPEC’s basket also fell 1.89% to $81.59 perbarrel. Dubai crude eased 1.15% to $80.35.