2025-09-03T08:20:44+00:00

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Shafaq News – Baghdad

Iraq’s Basrah crude grades gained on Wednesday
even as global oil prices eased.

Basrah Heavy rose 76 cents, or 1.15%, to $67.20
per barrel, while Basrah Medium climbed by the same amount, up 1.09% to $70.22
per barrel.

International benchmarks edged lower but held
near one-month highs, pressured by new US sanctions on shipping firms accused
of smuggling Iranian oil under Iraqi labels, while traders awaited the upcoming
OPEC+ meeting.

Brent crude settled at $68.95 per barrel, while
US West Texas Intermediate (WTI) closed at $65.43.