Basrah crude drops despite global oil rise

Shafaq News-Basrah

Basrah crudeslipped by around 5% on Wednesday, moving against broader gains in global oilmarkets.

Basrah Heavycrude lost $3.18, or 4.94%, to settle at $61.22 per barrel, while Basrah Mediumcrude declined 4.78% to $63.32 per barrel.

Brent crudegained 66 cents, or 0.7%, reaching $92.11 per barrel. US West TexasIntermediate (WTI) also rose 60 cents, or 0.7%, to $88.80 per barrel.