Basrah crude posts weekly losses

Shafaq News/
Iraq’s Basrah crude recorded notable losses over the past week, despite a
rebound in the final trading session on Friday.

Basrah Heavy
closed Friday’s trading session up $0.88 at $72.45 per barrel, registering a
weekly loss of $4.60 or 5.33%.

Similarly,
Basrah Medium rose by $0.88 in its last session to settle at $75.20 per barrel,
marking a weekly decline of $4.60, or 5.12%.

Meanwhile,
Brent crude posted a weekly loss of 83 cents, or 1.12%, while West Texas
Intermediate (WTI) fell by 95 cents, or 0.84%.