Basra Crude Records Slight Weekly Losses Amidst Global Oil Price Fluctuations
2023-12-16T08:18:05+00:00
Shafaq News/ Basra crude experienced weekly losses following fluctuations in global oil prices, which saw gains towards the end of the week after seven consecutive losses.
Basra Heavy crude concluded its last session on Friday with a $2.13 increase, reaching $73.12, resulting in a weekly loss of $1.65 or 2.21%. Similarly, Basra Intermediate crude closed with a $2.13 increase at $75.67 but recorded weekly losses of 52 cents, equivalent to 0.69%.
Global oil prices showed a 3% increase on Friday, marking the second consecutive session of gains. Despite the recent upswing.
