Basra Crude posts weekly gains with a decline in global oil prices
2024-02-24T06:33:14+00:00
Shafaq News/ On Saturday, Basra crude experienced weekly gains amid a broader decline in global oil prices.
Basra Heavy crude concluded its latest session with a drop of 93 cents, settling at $77.80, representing a weekly profit of $0.52 (67% .)
Basra Intermediate crude saw an increase of 93 cents, closing at $81.10 and recording weekly gains of $0.52 cents (65%.)
Global oil prices posted a weekly decline after a U.S. central bank policymaker indicated interest rate cuts could be delayed by at least two more months.
For the week, Brent declined about 2% and WTI fell more than 3%.
