Basrah crude drop as global oil markets stabilize

Shafaq News/ Basrah crude oil prices declined on Wednesday for the
second consecutive day, despite stability in global oil markets.

Basrah Heavy crude fell by $0.32, or 0.42%, to $75.60 per barrel, while
Basrah Medium crude dropped by $0.32, or 0.40%, to $78.85 per barrel.

Global oil prices remained stable as investors weighed the impact of
potential US tariffs on Canadian and Mexican imports, while largely shrugging
off an increase in US weekly crude inventory.

Brent crude futures fell 2 cents to $77.47 a barrel by 0132 GMT while US
crude futures were at $73.81 a barrel, up 4 cents, or 0.1%.