Baghdad: Oil prices fell in trading on Tuesday after rising by about 2% in the previous session brent crude futures fell 21 cents to $69.37 a barrel. US West Texas Intermediate crude also fell 24 cents to $67.69 a barrel.

According to National Iraqi News Agency, the drop in oil prices comes as traders and investors react to ongoing market trends. The recent fluctuations reflect a complex interplay of global economic factors, supply and demand dynamics, and market expectations.

The decline in Brent crude and West Texas Intermediate comes after a brief surge in prices during the previous session, highlighting the volatile nature of the oil market. Market analysts continue to monitor developments closely to assess future pricing trends.