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Basra Heavy crude closes on a daily loss and weekly profits
Shafaq News/ The price of Basra Heavy crude closed today, Saturday, at a daily loss of more than 2 dollars, but it closed with weekly gains of more than 5 dollars.
On Friday, Basra Heavy crude, exported to Asia, decreased by $2.19, with a change rate of 1.99%, to reach $107.79 per barrel.
However, Basra Heavy Crude achieved significant weekly gains of more than $5, or 4.92%.
As for OPEC crudes, prices fluctuated with their closing, as Saudi Arabian crude scored $117.55 a barrel, UAE Murban blend scored $113.40 a barrel, Algeria's Sahran blend reached $122.93, Angolan Girasole $120.18, and Nigeria's Bonny Light $120.65.
Oil prices witnessed an increase during the past week as a result of the European Union agreement to gradually withdraw from Russian oil and gas, in addition to the inability of some OPEC + countries to reach production as specified by OPEC.
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On Friday, Basra Heavy crude, exported to Asia, decreased by $2.19, with a change rate of 1.99%, to reach $107.79 per barrel.
However, Basra Heavy Crude achieved significant weekly gains of more than $5, or 4.92%.
As for OPEC crudes, prices fluctuated with their closing, as Saudi Arabian crude scored $117.55 a barrel, UAE Murban blend scored $113.40 a barrel, Algeria's Sahran blend reached $122.93, Angolan Girasole $120.18, and Nigeria's Bonny Light $120.65.
Oil prices witnessed an increase during the past week as a result of the European Union agreement to gradually withdraw from Russian oil and gas, in addition to the inability of some OPEC + countries to reach production as specified by OPEC.
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