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Oil stock exchanges.. Big losses for Basra crude
Shafaq News/ The international oil stock exchanges closed with weekly losses for the Basra and American crudes, while they stabilized for Brent crude, at the close in its last session on Friday evening.
Basra Heavy crude closed down by 0.34 cents to reach $100.54, and recorded large weekly losses of $8.76, equivalent to 8.01%.
Brent crude closed in the last session, up by $3.07 to reach $113.12, the same prices it recorded last week.
US West Texas Intermediate crude closed with a rise of $3.35 to reach $107.62 a barrel, but it recorded weekly losses of $1.94, or 1.77%.
Oil prices fell during the past week amid fears of a global economic recession after America raised interest rates.
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Basra Heavy crude closed down by 0.34 cents to reach $100.54, and recorded large weekly losses of $8.76, equivalent to 8.01%.
Brent crude closed in the last session, up by $3.07 to reach $113.12, the same prices it recorded last week.
US West Texas Intermediate crude closed with a rise of $3.35 to reach $107.62 a barrel, but it recorded weekly losses of $1.94, or 1.77%.
Oil prices fell during the past week amid fears of a global economic recession after America raised interest rates.
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