2026-08-01T06:38:10+00:00
Shafaq News-
Basrah
BasraH Heavy
and Medium crude posted steep weekly losses even as global oil prices rose at
the close of the week, following a stretch of volatility across markets in
recent days.
BasraH Heavy
fell $1.89 a barrel, or 3.25%, in the final trading session to settle at
$56.21, marking a weekly loss of $9.61, or 14.60%, from its level at the start
of the week.
BasraH
Medium also slipped $1.89 a barrel, or 3.13%, to close at $58.51, posting a
weekly loss of $9.61, or 14.11%, compared with the start of the week.
Global oil
futures, by contrast, ended the week higher. Brent rose $0.98, or 1.10%, to
$90.01 a barrel, while West Texas Intermediate climbed $1.22, or 1.46%, to
$84.81 a barrel.