Shafaq News- Basrah
Iraq’s Basrah crude tumbled morethan 17% on Tuesday, while major global benchmarks declined.
Basrah Heavy crude dropped by$11.63, or 17.67%, to $54.19 per barrel, while Basrah Medium crude fell by$11.63, or 17.07%, to settle at $56.49 per barrel.
Brent crude futures declined by$1.47, or 1.66%, to $86.89 per barrel, while US West Texas Intermediate crudelost $1.45, or 1.76%, to $81.16 per barrel, with both benchmarks hitting theirlowest levels since July 20.