Iraqi Oil Prices Maintain Stability Above $78 Per Barrel
As of February 10, 2025, Iraqi oil prices have stabilized in global markets, remaining above $78 per barrel.
Recent data indicates that heavy Basra crude is priced at $74.97 per barrel, with an average recorded price of $78.12 per barrel, reflecting a slight increase of $0.11. This pricing corresponds to deliveries scheduled for Nissan 2025.
Furthermore, a upward trend has been observed in global crude prices. Specifically, Brent crude is currently valued at $75.26 per barrel, while US West Texas Intermediate (WTI) is priced at $71.55 per barrel, both indicating an increase of $0.60.
Summary of Current Oil Prices
| Type of Crude | Price per Barrel | Change |
|---|---|---|
| Heavy Basra | $74.97 | – |
| Average (Iraqi Crude) | $78.12 | +$0.11 |
| Brent Crude | $75.26 | +$0.60 |
| US WTI | $71.55 | +$0.60 |
This data underscores the stability of Iraqi oil prices in the current economic landscape, reinforcing Iraq’s significant role in global oil production.
