Basra: Basra Heavy and Basra Medium crude prices fell on Tuesday, despite rising oil prices in global markets.

According to National Iraqi News Agency, Basra Heavy crude prices fell 87 cents, or 1.33%, to $64.73, while Basra Medium crude prices fell 87 cents, or 1.26%, to $67.98.

Oil market prices rose as the United States and China extended the suspension of tariff increases between the world’s largest oil consumers. Brent crude reached $66.89, while US crude reached $64.18.