Basra crude prices to Asian markets drop on Thursday

2022-07-07T07:06:53.000000Z

Shafaq News/ The price of Basra crudes to Asian customers dropped on Thursday amid concerns over recession.

Basra's heavy crudes dropped by $8.86, equivalent to 8.59%, settling at $94.24, while the intermediate reached $97.44;  $8.86, equivalent to 8.34%, above yesterday.

prices regained a footing on Thursday from steep falls in the previous two sessions, as investors returned their focus to tight supplies even as fears persisted over the demand outlook amid risks of a global recession.

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