Basra heavy and medium crude oil recorded losses for the second week in a row, as global oil prices recorded the second weekly decline in a row by about 3%.

Basra Heavy crude closed in its last session, yesterday, Friday, with a decrease of $1.09, reaching $79.41. It recorded weekly losses amounting to $1.75, equivalent to 2.6%.

While Basra Average crude closed in its last session with a decrease of $1.09, reaching $82.31. It recorded weekly losses amounting to $1.42, equivalent to 2.6%.

Global oil prices recorded the second weekly decline in a row. The rise in the dollar and mixed economic signals affected investor sentiment. During the past week, Brent crude recorded weekly losses of about 2.8%, and West Texas Intermediate crude fell by about 2.5%.

Source: National Iraqi News Agency