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Basrah Medium crude falls 8%+ in monthly trading

Shafaq News 2026/07/06 10:46

Shafaq News-Basrah

Basrah Mediumcrude fell 8.28% over the past month, closing at $57.19 per barrel, accordingto oil price data reviewed by Shafaq News on Monday.

The pricedropped $5.17 from last month's level of $62.36 per barrel, extending losses instep with a broader pullback in global oil markets.

On ayear-on-year basis, the crude remains down 8.28%, having lost roughly $5.17compared to its level a year earlier, the data showed. The figure reflects acontinued decline from year-ago levels, despite a partial recovery in recentweeks.

Read full story at source (Shafaq News)