Basra crude closed with a weekly gain of more than 3%, while Brent and American crude closed with significant gains, affected by the suspension of oil exports from the Kurdistan region.

Basra Heavy crude closed in its last session on Friday, up 78 cents, to reach $73.91, and recorded a weekly gain of $2.59, equivalent to 3.63%.

While Basra Light crude closed in its last session, at an increase of $78, to reach $77.59, and also recorded weekly gains of $2.49, or the equivalent of 3.32%.

As for Brent crude, it closed in the last session on Friday, up by 1.34 dollars, to reach 79.94 dollars, and recorded a weekly gain of 4.95 dollars, or the equivalent of 6.6%.

West Texas Intermediate (WTI) crude closed in its last session on Friday, up by $1.30, to reach $75.76 per barrel, and also recorded large weekly gains, amounting to $9.02, or 13.52%.

Crude oil prices rose at the beginning of last week, affected by the cessation of oil flows from the Kurdistan region with the decline in US oil stocks.

Source: National Iraqi News Agency