Basra Crude Oils Record Overall Weekly Losses Despite Final Session Gains

Prices for Basra Heavy and Medium crude oils witnessed overall weekly losses, despite their notable increase during the final trading sessions. Basra Heavy crude rose in the last session by $2.16 per barrel, closing at $54.79, yet it concluded the week with a net loss of $1.42 per barrel compared to its opening level. Similarly, Basra Medium crude climbed by $2.16 in the final session to close at $57.09 per barrel, but it registered an identical weekly loss of $1.42 compared to the start of the week.