Shafaq News- Basrah
Iraq’s Basrah crude lost more than18% over the past week, as major global benchmarks weakened.
Basrah Heavy crude dropped by $2.68in its final trading session to $58.14 per barrel, down 4.41% on the day andrecording a weekly loss of $11.14, or 19.16%. Basrah Medium crude slipped by$2.68 to close at $60.24 per barrel, falling 4.26% in its last session andposting a weekly loss of $11.14, or 18.49%.
Globally, Brent crude decreased by$3.05 to $87.33 per barrel, a decline of 3.37%, while US West TexasIntermediate crude shed $2.83 to settle at $84.88 per barrel, down 3.23%.
UAE Murban crude retreated 4.85% to$83.02 per barrel, while Russia’s Urals crude fell 5.61% to $78.39. US Marscrude also lost 5.58% of its value.