Iraqi Oil Prices Experience Modest Decline
On Thursday, March 13, 2025, Iraqi oil prices saw a slight dip in the global market. The price of Basra Crude settled at $70.47 per barrel, while the heavy grade was priced at $67.42 per barrel, reflecting a minor change of -0.18 for both varieties.
Additional data indicated a broader decline in global crude prices. Brent crude was priced at $70.83 per barrel, whereas the West Texas Intermediate (WTI) recorded a price of $67.51 per barrel, reflecting changes of -0.11 and -0.17, respectively.
| Crude Type | Price per Barrel | Change |
|---|---|---|
| Basra Crude | $70.47 | -0.18 |
| Heavy Crude | $67.42 | -0.18 |
| Brent Crude | $70.83 | -0.11 |
| West Texas Intermediate | $67.51 | -0.17 |
This recent trend underscores the ongoing fluctuations in the oil market, influenced by various economic and geopolitical factors that continue to shape pricing dynamics.
