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Basra oil posts weekly losses to reach 98$

The price of Basra's heavy crude fell on a weekly basis with more than a 5% loss.

Shafaq News/ The price of Basra's heavy crude fell on a weekly basis with more than a 5% loss.

Brent crude futures settled at $87.62 a barrel, losing 2.16$. U.S. West Texas Intermediate crude ended 1.65 cents higher at $80.08. it fell about 9.98% on the week.

Basra's heavy crude to Asian customers closed at $98.42, posting a weekly loss of $4.77, or 5.67%.

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