Iraqi oil drops as US-Iran deal optimism grows
Iraqi crude oil prices experienced a sharp decline today, with Basra Heavy falling to $53.50 per barrel, losing $4.64 or 7.98%. Basra Medium also decreased to $55.60, down by $7.70. Additionally, Brent crude dropped to $82.91, while West Texas Intermediate fell to $80.66. The global markets were affected by anticipation of a tentative agreement between the United States and Iran.
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