Shafaq News-Basrah
Iraq's Basrahcrude posted sharp losses on Tuesday, ranking among the steepest decliners inglobal oil markets as optimism over a preliminary US-Iran agreement pressuredprices.
Basrah Heavydropped $4.64, or 7.98%, to $53.50 per barrel, while Basrah Medium fell by thesame amount, losing 7.70% to settle at $55.60 per barrel.
Globally, Brentcrude eased 0.31% to $82.92 per barrel, and US West Texas Intermediate (WTI)slipped 0.11% to $80.66 per barrel.
TheOrganization of the Petroleum Exporting Countries (OPEC) basket declined 6.52%to $91.68 per barrel. Omani crude on the Dubai Energy Exchange also fell 7% to$81.91 per barrel, as wait-and-see sentiment spread across regional markets.