Shafaq News- Basrah
Iraq’s Basrah crude plunged more than 5% on Tuesday as majorglobal benchmarks moved lower.
Basrah Heavy crude fell to $47.73 per barrel, losing $2.75,or 5.45%, while Basrah Medium crude slipped to $49.83 per barrel, down $5.23.
Brent crude edged down to $77.70 per barrel, shedding 20cents, or 0.3%, and US West Texas Intermediate crude retreated to $73.74 perbarrel, down 12 cents, or 0.2%.
Regionally, Murban crude from the United Arab Emirates lostground to $70.79 per barrel, down 3.86%, while Saudi Arab Light weakened to$80.72 per barrel, down 3.58%.
In contrast, the OPEC basket gained to $83.16 per barrel, up0.78%, and Russia’s Urals crude advanced to $66.58 per barrel, up 8.81%.
