Oil closes with weekly profits, and Basra with slight gains
Shafaq News/ International oil prices closed on gains at the end of last week, which witnessed price fluctuations.
And Basra Heavy crude closed in its last session on Friday, at an increase of 95 cents, to reach $82.67, and recorded weekly gains of $3.45, equivalent to 4.35%.
Brent crude closed in the last session, down from Friday by $2.04 to $87.96, but it recorded a weekly profit of $2, or 2.2%.
US West Texas Intermediate crude also closed lower in the last session of Friday, by $1.74, to reach $79.49 a barrel, but it also recorded a weekly profit of 75 cents, or 0.95%.
And last week witnessed fluctuations in oil prices with the scarcity of supply and the decline in oil stocks, offset by the fear of economic stagnation after the interest rate hike.
[You must be registered and logged in to see this link.]