Baghdad: Basra crude recorded weekly gains of more than 3%, with global oil recording strong weekly gains for Brent and West Texas Intermediate crudes. Basra Heavy crude closed in its last session yesterday, Friday, up 49 cents to reach $82.71, and recorded weekly gains of $3.27, equivalent to 3.23%. While Basra Medium crude closed in its last session up 49 cents to reach $85.56, and also recorded weekly gains of $3.27, or 3.30%. Global oil prices fell by 1% at the end of trading yesterday, Friday, but recorded strong weekly gains for Brent and West Texas Intermediate crudes. Brent crude recorded weekly gains of 3.1%, while West Texas Intermediate crude recorded weekly gains of 3.4%. Source: National Iraqi News Agency
Related Articles
Statistics: A decrease in product prices during May
Ramallah – Ma’an – The Palestinian Central Bureau of Statistics said today, Tuesday, that the general index of producer prices recorded a decrease of 3.30% during the month of May, and the general index reached 134.41 compared to 139.00 during the mon…
QNB: EM Resiliency Supports Capital Inflows
Doha: Qatar National Bank (QNB) expected a substantial increase in capital inflows to emerging markets in the coming quarters, provided that global financial conditions ease on the back of heightened confidence in the continued decline of inflation in…
Forecast: EU economy grows but with reduced momentum
The economy of the European Union continues to grow, albeit with reduced momentum, according to the European Commission Summer Economic Forecast, presented Monday.
The forecast revises growth in the EU economy down to 0.8 percent in 2023, from one p…