Baghdad: Basra crude recorded weekly gains of more than 3%, with global oil recording strong weekly gains for Brent and West Texas Intermediate crudes.
Basra Heavy crude closed in its last session yesterday, Friday, up 49 cents to reach $82.71, and recorded weekly gains of $3.27, equivalent to 3.23%.
While Basra Medium crude closed in its last session up 49 cents to reach $85.56, and also recorded weekly gains of $3.27, or 3.30%.
Global oil prices fell by 1% at the end of trading yesterday, Friday, but recorded strong weekly gains for Brent and West Texas Intermediate crudes.
Brent crude recorded weekly gains of 3.1%, while West Texas Intermediate crude recorded weekly gains of 3.4%.
Source: National Iraqi News Agency