Iraqi Basrah medium, heavy crude prices fall despite stable global oil
2024-07-02T06:47:41+00:00
Shafaq News/ Prices for Iraq's Basrah medium and heavy crude grades fell on Tuesday despite stable global oil prices.
Basrah heavy crude dropped $1.42 to $82.23 per barrel, while Basrah medium rose $1.42 to $85.08 per barrel.
The decline comes even as global benchmark Brent crude hovered near two-month highs on expectations of rising summer travel demand and potential US interest rate cuts that could boost economic growth.
