2025-02-05T07:29:29+00:00

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Shafaq News/
Basrah crude oil prices fell more than 2% on Wednesday, tracking a broader
decline in global oil markets.

Basrah Heavy
crude dropped $1.95, or 2.62%, to $72.38 per barrel, while Basrah Medium crude fell
by the same amount, down 2.51% to $75.63 per barrel.

Oil prices
dipped globally as traders downplayed the impact of China’s tariff measures,
shifting their focus to broader market fundamentals.

By 04:27 GMT,
Brent crude futures fell by $0.39, or 0.51%, to $75.81 a barrel, while US West
Texas Intermediate (WTI) crude decreased by $0.26, or 0.36%, to $72.44 per
barrel.