Shafaq News/ Basrah crude oils recorded slightlosses over the past week, even as global oil prices posted gains amid risingconcerns over supply disruptions due to Middle East tensions.
Basrah Heavy closed Friday’s session down by 93cents at $69.47 per barrel, marking a weekly loss of 10 cents, or 0.14%. BasrahMedium declined by 93 cents, ending at $72.62 per barrel, also posting a 0.14%weekly decrease.
Meanwhile, global oil benchmarks saw weeklygains driven by concerns over potential supply issues in the Middle East, theworld's largest oil-producing region.
Brent crude registered a 4.1% weekly gain, whileUS West Texas Intermediate (WTI) crude rose by 4.5% over the same period.