Eco
Basra crude ended the week with strong gains amid ongoing concerns over oil supply and tanker movement through the Strait of Hormuz.
Basra Heavy reached $114.97 and Basra Medium $117.07 per barrel, both gaining over $6 weekly.
Global oil prices also rose, with US crude at $98.5 and Brent at $96.85.
Iraqi oil pricing varies by export destination based on global benchmarks.
