Basra: Basra crude oil prices fell, closing with weekly losses of more than 3%. Basra Heavy crude closed in its last session, yesterday, Friday, down 38 cents to $64.81, recording a weekly loss of $2.1, or 3.14%. Basra Medium crude also closed in its last session, down 38 cents to $70.11, recording weekly losses of $2.11, or 3.01%.

According to National Iraqi News Agency, West Texas Intermediate fell 2.5% to settle below $62 per barrel, down 3.3% this week. The price of Brent crude for November delivery fell by 2.2% to settle at $65.50 per barrel.