Basra Crudes tick up amid global oil decline
2024-03-16T06:15:04+00:00
Shafaq News / Basra Crudes achieved slight weekly gains as global oil prices recorded gains of more than 3%.
Basra Heavy Crude closed the last session of Friday with an increase of $1.02, reaching $80.30, recording slight weekly gains of $1.83, equivalent to 2.33%.
Meanwhile, Basra Intermediate Crude closed the last session with an increase of $1.02, reaching $83.70, also recording slight weekly gains of $1.93, or 2.36%.
Global oil prices declined on Friday after surpassing $85 per barrel for the first time since November 2023, but they are poised to achieve gains of about 3% this week due to increased demand from US refineries completing maintenance work.
