Basrah crude drops despite global oil rise - Shafaq News | Latest breaking news in Iraq and the world

Published 27 May 2026 · trending

Shafaq News- Basrah Basrah crude slipped by more than 1% on Thursday, diverging from broader gains in global oil markets. Basrah Heavy crude fell 1.22%

Shafaq News- Basrah Basrah crude slipped by more than 1% on Thursday, diverging from broader gains in global oil markets. Basrah Heavy crude fell 1.22%, or $1.19, to $96.19 per barrel, while Basrah Medium crude declined 1.20% to $98.29 per barrel. Globally, Brent crude rose $3.51, or 3.72%, to $97.8 a barrel. US West Texas Intermediate (WTI) crude gained $3.31, or 3.73%, to reach $91.99 per barrel.

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