Iraqi Oil Prices Remain Steady in Global Market
Iraqi oil prices commenced trading on February 10, 2025, showing remarkable stability at $78 per barrel.
Current data indicates that Basra heavy crude is priced at $74.97 per barrel, while the overall average stands at $78.12 per barrel, reflecting a slight increase of $0.11.
Furthermore, global crude prices have experienced a modest uptick. Brent crude has reached $75.26 per barrel, and the West Texas Intermediate (WTI) has recorded a price of $71.55 per barrel, with both reflecting a change of $0.60.
As the market evolves, these figures highlight the ongoing fluctuations and trends within the international oil scene, with Iraqi oil maintaining a competitive position.
| Oil Type | Price per Barrel | Change |
|---|---|---|
| Basra Heavy Crude | $74.97 | |
| Average Iraq Oil Price | $78.12 | +$0.11 |
| Brent Crude | $75.26 | +$0.60 |
| West Texas Intermediate | $71.55 | +$0.60 |
This data underscores the intricacies of the oil market and the critical role Iraq plays within it.
