2024-01-20T06:02:40+00:00
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/ Basra crude oil achieved slight weekly gains, with global oil prices recording gains for the third week in a row.
Basra Heavy crude closed its last session on Friday, up 74 cents to $73.31, posting a slight weekly gain of $1.56, or 2.17%.
Basra Medium crude closed its last session up 79 cents to $76.01, also recording slight weekly gains of $1.71, or 2.3%.
Global oil prices fell slightly at settlement on Friday, but posted weekly gains after tensions in the Middle East and production disruptions in some locations offset concerns about the Chinese and global economies.
Brent posted weekly gains of about 0.5 percent, while US crude rose more than 1 percent.