Basra Crude Registers Slight Weekly Decline Amid Divergent Global Oil Markets

mesoiraq - Basra crude prices, both heavy and medium, ended the week's trading with slight losses, despite registering notable gains in the final session in line with the recovery of oil prices in global markets. Basra Heavy closed at higher levels in the final session achieving a daily gain, yet the weekly tally resulted in a slight decline, while global markets witnessed an increase in Brent and West Texas Intermediate contracts amid continuous monitoring of supply and demand dynamics.