Iraqi Oil Prices Decline Amidst Global Brent Surge

Iraqi oil prices for Basra Heavy and Medium crude declined today, Tuesday, as global crude prices rose. Basra Heavy crude settled at $95.58 per barrel, down $0.53 (0.55%). Basra Medium was $98.88, also down by $0.53 (0.53%). Globally, Brent crude rose to $107.03 per barrel, an increase of $1.35 (1.28%). West Texas Intermediate (WTI) climbed to $102.83, up $1.44 (1.42%). Data also showed UAE's Murban crude price increased to $127.76 per barrel, up $8.30 (6.95%).