Basra Crude prices rise slightly as global prices up for the week
2023-12-23T07:13:38+00:00
Shafaq News/ The Basra crude prices rose slightly on Friday, following a trend in the global market.
Basra Light crude closed at $74.16 per barrel, up 46 cents from the previous day. The gain marked a weekly increase of 2.04%.
Basra Intermediate crude closed at $77.16 per barrel, also up 46 cents from the previous day. The gain marked a weekly increase of 1.97%.
Global oil prices rose by as much as 1% on Friday, and posted their biggest weekly gains since October, up more than 4%. The gains were driven by the tension in the Red Sea that forced hundreds of ships to take longer, safer routes, delaying oil shipments.
