Basra Crude Prices Decline Despite Rise in Brent and WTI

Prices of Basra heavy and medium crude declined on Wednesday despite increases in Brent and West Texas Intermediate (WTI) crude prices in global markets. The price of Basra heavy crude dropped to $71.42 per barrel, down by $1.78 or 2.43%, while Basra medium crude fell to $75.42 per barrel, losing the same amount of $1.78 or 2.31%. Conversely, Brent crude rose to $115.47 per barrel, up $1.59 or 1.40%, and WTI crude climbed to $101.34, increasing by $1.44 or 1.44%. The OPEC basket also increased to $117.25 per barrel, up $2.16 or 1.88%.