Shafaq News- Basrah

Basrah’s Heavy and Medium crude grades closed last week with gains, tracking a broader rise in global oil prices amid continued uncertainty over US–Iran negotiations.

Basrah Heavy rose by $2.50 in the final trading session to settle at $120.37 per barrel, bringing its weekly gain to $3.78, or 3.24%. Basrah Medium increased by $2.50 to $122.47 per barrel at the close, posting a weekly gain of $3.51, or 2.95%.

Global benchmarks also advanced, with Brent crude up 0.9% to $106 per barrel on Friday, heading for weekly gains of around 17%, while US West Texas Intermediate traded near $96.5 per barrel, up roughly 0.8%.