Basrah crude edges lower despite global oil gains
Basrah crude prices slipped slightly on Wednesday even as global oil benchmarks rose on renewed supply concerns.
Basrah Heavy crude fell 9 cents, or 0.14%, to $64.38 a barrel. Basrah Medium also declined 9 cents, or 0.13%, to $67.63.
The dip came as Brent crude gained to $65.93 and US West Texas Intermediate to $62.72, supported by fears that sanctions on Russian exports could persist amid protracted peace talks with Ukraine.
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