Shafaq News- Basrah
Iraq’s Basrah crude advanced morethan 4% over the past week, outperforming several major global oil grades.
Basrah Heavy crude fell by $2.29 inits 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 declinedby $2.29 to settle at $71.38 per barrel, down 3.11% on the day, whileregistering 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 crudeclosed at $90.54 a barrel, down $2.50, or 2.69%.
UAE Murban crude also fell 2.49% to$91.17 per barrel.
