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Basra's medium and heavy crudes are declining to more than 7%
Shafaq News/ The Basra medium and heavy crude prices fell today, Thursday, to more than 7%.
Basra Medium crude, exported to Asia, decreased by 7.08 dollars, a change of 7.44%, to reach 88.11 dollars per barrel.
Basra Heavy crude, exported to Asia, fell $6.88, a change of 7.60%, to $83.71.
OPEC crude also declined, as Saudi Arabian crude recorded $94.94 a barrel, a decrease of $7.22, and the UAE Murban mix recorded $89.71 a barrel, a decrease of $4.83 a barrel.
Global oil prices witnessed a significant decline with fears of global economic recession, slowing demand in Europe, and high interest rates.
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Basra Medium crude, exported to Asia, decreased by 7.08 dollars, a change of 7.44%, to reach 88.11 dollars per barrel.
Basra Heavy crude, exported to Asia, fell $6.88, a change of 7.60%, to $83.71.
OPEC crude also declined, as Saudi Arabian crude recorded $94.94 a barrel, a decrease of $7.22, and the UAE Murban mix recorded $89.71 a barrel, a decrease of $4.83 a barrel.
Global oil prices witnessed a significant decline with fears of global economic recession, slowing demand in Europe, and high interest rates.
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