Basra Crude Concludes Week with Trading Losses

Basra's Heavy and Medium crude oils concluded last week's trading with losses, experiencing a decline in prices during their final sessions. Basra Heavy crude closed at $90.27 per barrel, after an 80-cent decrease in the last session, representing 0.88%. It recorded a weekly loss of $5.84, or 6.47%, compared to its initial price of $96.11. Basra Medium crude, meanwhile, ended at $93.57 per barrel, dropping by 80 cents, or 0.85%, in its final session. Its weekly loss totaled $5.84, a 6.24% decrease, compared to its $99.41 level at the week's start.