Baghdad, Basra crude oil, heavy and medium, achieved weekly profits and gains for the fourth week in a row, with global oil prices also recording gains for the fourth month in a row.
Basra Heavy crude closed in its last session yesterday, Friday, at an increase of $1.46, reaching $86.83, and recorded weekly gains of $3.36, equivalent to 4.03%.
While Basra Average crude closed in the last session at an increase of $1.46, reaching $89.78, and also recorded weekly gains amounting to $3.48, equivalent to 4.03%.
Global oil prices continued their gains, yesterday, Friday, and headed for a fourth weekly gain, against the backdrop of geopolitical tensions in Europe and the Middle East, concerns about tightening supply, and optimism about the growth of global demand for fuel as economies improve.
Source: National Iraqi News Agency