Basra:Basra Heavy and Basra Medium crude grades have seen substantial weekly gains, aligning with an upward trend in global crude oil futures.

According to National Iraqi News Agency, in the latest trading session, Basra Heavy crude increased by $3.46 per barrel, reaching $74.22 per barrel. This marks a weekly gain of $4.14, up from $70.08 per barrel at the week’s start.

Similarly, Basra Medium crude also experienced a rise of $3.46 per barrel, closing at $78.22 per barrel. This represents a weekly increase of $5.14, compared to its price of $73.08 per barrel at the beginning of the week.