BAGHDAD: Oil prices saw a decrease on Tuesday, with Brent crude futures for December delivery experiencing a drop of 26 cents, amounting to a 0.3% decline, bringing the price to $74.03 per barrel. Concurrently, US West Texas Intermediate crude futures for November delivery fell by 2 cents to settle at $70.54 per barrel.

According to National Iraqi News Agency, the most actively traded West Texas Intermediate crude futures for December also witnessed a decrease, losing 23 cents, or 0.3%, to reach $69.81 per barrel. This decline in oil prices reflects ongoing fluctuations in the global market, impacting both Brent and West Texas Intermediate crude futures.