Iraq’s Basrah crude grades closed lower for a 2d consecutive week, reflecting the broader downturn in worldwide oil markets.
Basrah Heavy fell by $1.seventy six on Friday to shut at $63.74 consistent with barrel, posting a weekly decline of $1.07, or 1.65%. Basrah Medium closed at $sixty six.84 consistent with barrel, marking a sharper weekly decline of $3.27, or 2.01%.
worldwide benchmarks published gains. Brent crude brought $1.32, or 2.01%, over the week, whilst US crude rose seventy one cents, or 1.15%.
