Basrah crude slips for second week as global oil prices decline

Shafaq
News – Baghdad

Iraq’s
Basrah crude grades closed lower for a second consecutive week, reflecting the
broader downturn in global oil markets.

Basrah
Heavy fell by $1.76 on Friday to close at $63.74 per barrel, posting a weekly
decline of $1.07, or 1.65%. Basrah Medium closed at $66.84 per barrel, marking
a sharper weekly decline of $3.27, or 2.01%.

International
benchmarks posted gains. Brent crude added $1.32, or 2.01%, over the week,
while US crude rose 71 cents, or 1.15%.