Slight decrease in Basrah oil prices
2024-09-25 10:55:05 - From: Shafaq News
Shafaq News/On Wednesday, Basrah crude oil recorded a slight drop, despite the stability inglobal oil prices.
Basrah Heavyfell by 2 cents to $69.37 per barrel, while Basrah Medium dropped by 2 centsreaching $72.37.
Oil pricesdeclined on Wednesday as investors reconsidered the effectiveness of China'sstimulus measures in revitalizing its economy and driving fuel demand growth.China, the world's largest crude importer, has rolled out economic supportplans, but concerns remain about whether these efforts will significantly boost
By 04:15GMT, Brent crude futures dropped 17 cents, or 0.2%, at $75 a barrel. US WestTexas Intermediate crude fell 24 cents, or 0.3%, at $71.32 per barrel.
