Shafaq News-Basrah
Iraq’sBasrah crude rose more than 3.6% on Tuesday, bucking declines in global oilmarkets driven by volatility linked to geopolitical tensions and shiftingenergy demand expectations.
Basrah Heavycrude climbed $2.48, or 3.75%, to $68.55 per barrel, while Basrah Medium crudeclimbed to $70.65 per barrel, gaining 3.64%.
The gains,however, did little to narrow the gap with other OPEC crudes, many of whichcontinued to command substantially higher prices. Saudi Arabia’s Arab Light waspriced at $103.62 per barrel, while Arab Super Light reached $104.12. Kuwait’sExport Crude stood at $117.51 per barrel.
Iraniangrades also traded well above Iraqi levels, with Iranian Light at $90.04 per barreland Iranian Heavy at $88.14. The United Arab Emirates’ Murban crude settled at$94.43 per barrel.
Globally,Brent crude fell 75 cents, or 0.79%, to $94.23 per barrel. US WestTexas Intermediate (WTI) declined 85 cents, or 0.92%, to $91.31.