Basrah Crude prices fall as global oil market decline
2024-09-03 10:15:05 - From: Shafaq News
Shafaq News/On Tuesday, Basrah crude oil dropped with a decrease in global oil prices.
Basrah Heavycrude edged lower by $3.25 to $71.41, and Basrah Medium also dropped by $3.25to $74.41.
Oil pricesfell as concerns about falling demand due to a slowing Chinese economyoutweighed the impact of the closure of oil production facilities in Libya.
By 0156 GMT,Brent crude futures fell by 37 cents, or 0.48%, to $77.15 per barrel, whileU.S. West Texas Intermediate (WTI) crude edged up by 28 cents from its Fridayclose, reaching $73.83 per barrel. Due to the Labor Day holiday, the U.S.market did not have a settlement on Monday.
