The prices of Basra heavy and medium crude oil decreased by more than 5% in Tuesday's trading, as Iraqi oil prices recorded a noticeable decline today, Tuesday, with Basra heavy crude dropping to $70.15 per barrel, while Basra medium crude fell to $74.15.
According to global market data monitored by the news agency, the two crudes lost $3.97 per barrel, reflecting a decrease of 5.36% for heavy and 5.08% for medium, compared to previous prices.
Globally, Brent crude rose to $104.92 per barrel, while West Texas Intermediate crude reached $96.79, achieving slight gains of 0.14% and 0.34% respectively.
In other markets, the price of Arab light crude decreased to $104.05 per barrel, while the OPEC basket of crude oils rose by 2.67% to reach $115.86 per barrel.