Basrah crude faces significant weekly losses
2024-09-07 10:15:06 - From: Shafaq News
Shafaq News/ Basrah Heavy and Medium crude experienced substantial weeklylosses as global oil prices fell sharply.
On Friday, Basrah Heavy closed up 40 cents at $68.76, marking a weeklyloss of $6.10, or 7.90%. Basrah Medium also closed up 40 cents at $71.76, witha weekly loss of $6.10, or 7.60%.
Global oil prices have been declining for four consecutive sessions amidanticipation of OPEC+ decisions.
US West Texas Intermediate crude saw a weekly loss of 7.9%,while Brent crude experienced a sharp weekly decline exceeding 7.6%.
