Basrah crudes post weekly gains despite global losses - Shafaq News | Latest breaking news in Iraq and the world
Shafaq News- Basrah Iraq’s Basrah crude advanced more than 4% over the past week, outperforming several major global oil grades. Basrah Heavy crude fell by
Shafaq News- Basrah Iraq’s Basrah crude advanced more than 4% over the past week, outperforming several major global oil grades. Basrah Heavy crude fell by $2.29 in its last trading session to $69.28 per barrel, posting a daily loss of 3.20%, but recorded weekly gains of $3.21, or 4.63%.
Basrah Medium crude also declined by $2.29 to settle at $71.38 per barrel, down 3.11% on the day, while registering weekly gains of $3.21, or
4.71%. Brent crude futures settled at $93.09 a barrel, down $1.94, or 2.04%, while US West Texas Intermediate crude closed at $90.54 a barrel, down
$2.50, or 2.69%. UAE Murban crude also fell 2.49% to $91.17 per barrel.
The BriefWire