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[size=36]Within a week, Brent and Basra closed lower, and the US was up[/size]
Economie| 11:05 - 14/05/2022
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BAGHDAD - Mawazine
International oil exchanges closed on fluctuating prices, despite their increase in its last session on Friday by more than 4%.
Brent crude closed in the last session, up by $4.10 to reach $111.55, but it recorded weekly losses of 0.84 cents, equivalent to 0.75%.
US West Texas Intermediate crude closed $4.36 higher to $110.49 a barrel, but recorded weekly gains of 0.72 cents, or 0.66%.
Basra Heavy crude also closed higher, by $2.74, to reach $96.43, but it achieved significant weekly losses of $7.33.
And oil prices were volatile, supported by fears that a possible European Union ban on Russian oil may tighten supplies, but under pressure from fears that the outbreak of the Corona pandemic could reduce global demand.
International oil exchanges closed on fluctuating prices, despite their increase in its last session on Friday by more than 4%.
Brent crude closed in the last session, up by $4.10 to reach $111.55, but it recorded weekly losses of 0.84 cents, equivalent to 0.75%.
US West Texas Intermediate crude closed $4.36 higher to $110.49 a barrel, but recorded weekly gains of 0.72 cents, or 0.66%.
Basra Heavy crude also closed higher, by $2.74, to reach $96.43, but it achieved significant weekly losses of $7.33.
And oil prices were volatile, supported by fears that a possible European Union ban on Russian oil may tighten supplies, but under pressure from fears that the outbreak of the Corona pandemic could reduce global demand.
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