Basra crude oil recorded slight weekly gains over the past week, despite global oil recording weekly and monthly losses.
Basra Heavy crude closed in its last session yesterday, Friday, with a decline of $1.26, reaching $80.72, and recorded weekly gains of 53 cents, equivalent to 0.66%.
While Basra Average crude closed in its last session yesterday, with a decrease of $1.26, reaching $83.67, and also recorded weekly gains amounting to 53 cents, or the equivalent of 0.64%.
At the end of yesterday’s session, Friday, the prices of futures contracts for the standard Brent crude oil, for the month of July 2024, decreased by 0.3%, reaching $81.62 per barrel, and recorded weekly losses of 0.6%, while monthly losses of 5.4%.
At the same time, US West Texas Intermediate crude futures for July 2024 fell by 1.1%, reaching $76.99 per barrel, and recorded weekly losses of 0.9%, while monthly losses of 5.3%.
Source: National Iraqi News Agency