Basrah Heavy crude rose $8.14 a barrel, or 10.93 percent, over the week, while Basrah Medium gained $8.16 a barrel, or 10.49 percent, according to Shafaq News, an Iraqi news outlet. Both grades declined in the final trading session but remained well above their starting prices.
Basrah Heavy fell 80 cents a barrel, or 0.96 percent, in the final session to close at $82.66. Basrah Medium dropped 80 cents a barrel, or 0.92 percent, to settle at $85.98.
On global markets, West Texas Intermediate crude fell $0.66, or 0.72 percent, to $90.64 a barrel in final trading. Brent crude declined $0.14, or 0.1 percent, to $95.38 a barrel.
