Iraq’s Basrah crude prices posted notable losses on Tuesday, even as global oil prices moved higher, according to oil price data reviewed by Shafaq News.
Basrah Heavy crude fell to $51.76 per barrel, down $4.45, or 7.92%, while Basrah Medium crude dropped to $54.06 per barrel, down $4.45, or 7.61%, compared to the previous session.
Brent futures rose $1.12, or 1.3%, to $84.89 a barrel by 0355 GMT. US West Texas Intermediate crude gained 77 cents, or 1%, to $81.11 a barrel.
The gains came amid continued uncertainty over talks aimed at ending the US-Iran conflict and lingering concerns over the security of Middle East oil supplies.
