Basrah crudes post weekly gains
Basrah Heavy closed Friday's session up $4.34 at $70.07, recording a weekly rise of $8.24, or 13.33%.
Basrah Medium also advanced, gaining $3.34 to settle at $72.87, with a weekly increase of $8.19, or 12.66%.
Brent crude futures ended at $74.23 a barrel, up $4.87, or 7.02%, after briefly jumping over 13% to an intraday high of $78.50 — the strongest level since January 27. Brent was up 12.5% on the week.
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