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Basra Crude Closes with Losses Nearing $10 - Shafaq News

Summary by شفق نيوز
Shafaq News – Basra: Basra Heavy and Basra Medium crude oils recorded significant weekly losses, despite rising oil prices in global markets at the close of trading this week, following a period of market volatility. Basra Heavy crude fell by $1.89 per barrel, or 3.25%, to close at $56.21 per barrel, registering a weekly loss of $9.61, or 14.60%, compared to the beginning of the week. Basra Medium crude also declined by $1.89 per barrel, or 3.13…

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Shafaq News – Basra: Basra Heavy and Basra Medium crude oils recorded significant weekly losses, despite rising oil prices in global markets at the close of trading this week, following a period of market volatility. Basra Heavy crude fell by $1.89 per barrel, or 3.25%, to close at $56.21 per barrel, registering a weekly loss of $9.61, or 14.60%, compared to the beginning of the week. Basra Medium crude also declined by $1.89 per barrel, or 3.13…

·Iraq
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شفق نيوز broke the news in Iraq on Saturday, August 1, 2026.
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