Slight decrease in Basrah oil prices with global oil market decline
2024-09-19 11:25:06 - From: Shafaq News
Shafaq News/On Thursday, Basrah crude oil recorded a slight drop, following a broaderdecline in global oil prices.
Basrah Heavyfell by 4 cents to $67.96 per barrel, while Basrah Medium dropped by 4 centsreaching $70.96.
The dip incrude prices comes in the wake of a global oil market downturn, driven byconcerns over the US economy following a larger-than-expected interest rate cutby the Federal Reserve.
By 00:15GMT, Brent crude futures for November rose 8 cents to $73.73 a barrel, while WTIcrude futures for October declined 3 cents to $70.88 a barrel.
