Basra Crude Oil Prices Decline By More Than A Dollar Per Barrel Despite The Rise In Oil


Baghdad, The prices of Basra Heavy and Medium crude oil declined on Tuesday, despite the rise in oil prices in global markets.

The prices of Basra Heavy crude declined by $1.53 to reach $81.80, and the prices of Basra Medium crude declined by $1.53 to reach $84.75.

Global oil prices rose amid expectations of reduced supplies in light of a possible disruption to production in Canada due to forest fires, as well as strong demand and voluntary reductions in production.

Source: National Iraqi News Agency