Slight weekly losses for Basra crude

by times news cr

2023-12-16T06:15:17+00:00

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Basra crude oil achieved slight weekly losses, after global oil prices witnessed gains at the end of the week, after the seventh loss in a row.

Basra Heavy⁢ crude closed in its last session on Friday at an increase of $2.13, reaching $73.12, ‌and recorded weekly⁤ losses of $1.65, equivalent to 2.21%.

While Basra ⁢Average crude closed in its ⁣last⁢ session at an increase of $2.13, reaching $75.67, and also recorded weekly losses amounting to 52 cents, or the equivalent of‍ 0.69%.

Global oil prices rose yesterday, Friday, by about 3%, continuing to reap gains for ⁢the second ⁤session⁢ in‌ a row, to​ achieve modest weekly gains, after ⁤they were raised⁣ by a mid-week announcement from the United States.

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