Iraqi Oil Prices Surpass $71 Per Barrel as Global Market Experiences Fluctuations
Iraqi oil prices experienced a notable increase on Friday, March 14, 2025, exceeding the $71 mark in the global marketplace. Current data indicates that Basra Crude has reached a price of $71.63 per barrel, while heavy crude is priced at $68.58 per barrel, both reflecting an upward change of $1.16.
Contrarily, there has been a slight decline in overall crude prices on the international stage. Brent crude is currently valued at $70.32 per barrel, and US West Texas Intermediate is trading at $67.00 per barrel, each reflecting changes of -$0.44 and -$0.45, respectively.
| Crude Type | Price (USD per Barrel) | Change |
|---|---|---|
| Basra Crude | $71.63 | +$1.16 |
| Heavy Crude | $68.58 | +$1.16 |
| Brent Crude | $70.32 | -$0.44 |
| West Texas Intermediate | $67.00 | -$0.45 |
The data underscores the dynamic nature of the oil market, highlighting both the strong performance of Iraqi crude oil amid fluctuations and the broader market’s volatility.
