Basrah crude records weekly gains, mirrors global oil market
2025-01-11T07:19:45+00:00
Shafaq News/ Iraq’s Basrah crude ended the week with notable gains as global oil prices climbed.
Basrah Heavy closed Friday’s trading session up $1.9 at $70.19 per barrel, registering a weekly gain of $3.37 or 4.8%.
Similarly, Basrah Medium rose by $1.9 to settle at $76.76 per barrel, marking a weekly increase of $4.47 or 4.73%.
Brent crude futures settled up 76 cents, or 1%, at $76.92 a barrel. US West Texas Intermediate crude futures settled up 60 cents, or 0.82%, to $73.92.
