2025-04-19T06:31:08+00:00

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Shafaq News/
Basrah Heavy and Basrah Medium crude oil prices recorded weekly gains,
following a notable increase in the final trading session of the week ending on
Friday.

Basrah Heavy
closed Friday’s trading session up $1.34 at $65.31 per barrel, registering a
weekly gain of $3.62, or 5.87%.

Basrah Medium gained $1.34 in its last session to settle at $68.46 per barrel,
marking a weekly increase of $3.44, or 6.29%.

The upward
momentum in oil markets came amid heightened geopolitical tensions, after
Washington imposed fresh sanctions on Iranian oil exports, amplifying concerns
over global supply.