Basra crude "heavy and medium" achieved weekly gains exceeding 2%, in light of global oil prices achieving gains for the second week in a row. Basra heavy crude closed in its last session yesterday, Friday, with an increase of 49 cents to reach $ 69.39 per barrel, recording weekly gains of $ 2.3, equivalent to 2.92%. Basra medium crude also closed in its last session with an increase of 49 cents to reach $ 72.39 per barrel, achieving weekly gains of $ 2.3, or 2.92%. Despite the decline in oil prices at the end of trading yesterday, Friday, they recorded gains for the second week in a row, supported by the reduction of US interest rates and the decline in global inventories. Brent crude achieved weekly gains of 4%, while West Texas Intermediate crude recorded weekly gains of 4.9%. Source: National Iraqi News Agency
Recent Posts
Iran and Iraq Commit to Strengthening Border Security and Counterterrorism
September 23, 2026
Iranian President Pezeshkian Arrives in New York for UN General Assembly
September 23, 2026
US-Israeli Strike Leaves Minab School Seats Empty, Says First Vice President
September 23, 2026
Iran Sets Conditions for Negotiation and Reopening of Strait of Hormuz
September 23, 2026
Iran Equips Rebuilt Minab School with Smart Technology
September 23, 2026
Iran’s Acting Defense Minister Emphasizes Strategic Preparedness
September 23, 2026
Iranian President Extends National Day Greetings to Saudi Leaders
September 23, 2026
Iranian President Asserts Right to Self-Defense at UN General Assembly
September 23, 2026