Basra Light Crude Records A Weekly Loss, The Second In Two Months

Baghdad The price of Basra Light Crude declined, to record the second weekly loss in two months, with oil prices fluctuating last week.

Although Basra crude rose in its last session, by $1.07 to reach $82.20, it recorded a weekly loss of $1.64, or the equivalent of 1.96%.

Brent crude also rose in its last session before closing by $2.20 to reach $82.74, but it recorded a weekly loss of $1.15, or the equivalent of 1.94% in a week.

The US West Texas Intermediate crude was settled, also rising by 2.46 to reach $ 81.27 a barrel, but it also recorded a weekly loss, which amounted to $ 2.3, or the equivalent of 2.75%.

Source: National Iraqi News Agency

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Welcome to Lebanon News Gazette, your window into the captivating world of Lebanese news and beyond. We are here to deliver timely, accurate, and captivating coverage that keeps you informed and engaged.