Oil prices up after Basra spill, but log weekly decline


SINGAPORE, Sept 17(Reuters): Oil prices rose slightly on Friday evening (Sept 16) as a spill at Iraq's Basra terminal appeared likely to constrain crude supply, but remained down on the week on fears that hefty interest rate increases will curb global economic growth and demand for fuel.

Brent crude futures settled at $91.35 a barrel, up 51 cents, while US West Texas Intermediate (WTI) crude futures settled at $85.11 a barrel, up 1 cent.

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Oil , Prices , Weekly decline

   

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