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[size=45]Basra oil records large price profits in a week
two hours ago[/size]
two hours ago[/size]
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Global oil exchanges closed with fluctuation in their prices during the past week at the closing, despite its decline in its last session on Friday.
Basra Heavy Crude closed down by 0.94 cents to reach $96.35, but it recorded significant weekly profits of $5.46, equivalent to 6.01%.
Brent crude closed in the last session also down by 0.66 cents to reach $103.20, but it recorded weekly gains of $2.04, or 2.02%.
US West Texas Intermediate crude closed down by $1.65 to $94.70 a barrel, but recorded weekly losses of $2.89, or 2.96%.
Last week witnessed fluctuations in oil prices, as expectations of economic stagnation were offset by the scarcity of supplies as a result of the Russian oil embargo by the European Union.
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