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Basrah crudes see weekly gains despite Friday's drop

Basrah crudes see weekly gains despite Friday's drop
Basrah crudes see weekly gains despite Friday's drop

2024-12-21 10:50:29 - From: Shafaq News


Shafaq News/ Basrah crude oil postedweekly gains last week, despite Friday's decline in the final trading session.

On Friday, Basrah Heavy Crude closedits last session with a 16-cent decline, reaching $69.02. However, it recordeda weekly gain of 71 cents, equivalent to 1.04%.

Similarly, Basrah Medium Crudeclosed its last session with a 16-cent drop, settling at $72.12. It also saw aweekly gain of 71 cents or 0.99%.

Brent crude futures fell by 41cents, or 0.56%, to $72.47 a barrel by 0420 GMT. US West Texas Intermediatecrude futures fell 39 cents, or 0.56%, to $68.99 per barrel.