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[size=36]More than 1%.. Basra Heavy crude closed on a weekly gain[/size]
Economy| 09:08 - 04/03/2023
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Follow-up - Mawazine News,
Basra Heavy crude closed in its last session on Friday, up 12 cents to reach $74.80, and recorded weekly gains of $1.05, equivalent to 1.42%.
While Basra Light crude closed in its last session up by 12 cents, to reach $80.55, and recorded slight weekly gains of 58 cents, or 0.73%.
Crude oil prices rose during the past week as renewed optimism about the recovery of demand from China offset the impact of growing recession fears due to the increase in US crude inventories and tightening monetary policy in Europe. Ended 29/N33
Basra Heavy crude closed in its last session on Friday, up 12 cents to reach $74.80, and recorded weekly gains of $1.05, equivalent to 1.42%.
While Basra Light crude closed in its last session up by 12 cents, to reach $80.55, and recorded slight weekly gains of 58 cents, or 0.73%.
Crude oil prices rose during the past week as renewed optimism about the recovery of demand from China offset the impact of growing recession fears due to the increase in US crude inventories and tightening monetary policy in Europe. Ended 29/N33
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