Iraqi Oil Prices Decline Amid Global Market Fluctuations
On Saturday, March 15, 2025, Iraqi oil prices faced a decline in the global market.
As per the latest data, Basra Crude was priced at $71.27 per barrel, while Heavy Crude recorded a rate of $68.22 per barrel, both reflecting a decrease of $0.36.
Meanwhile, global crude prices witnessed a slight uptick. Brent Crude reached $70.58 per barrel, and West Texas Intermediate (WTI) noted a price of $67.18 per barrel, with respective increases of $0.70 and $0.63.
| Oil Type | Price per Barrel | Change |
|---|---|---|
| Basra Crude | $71.27 | -$0.36 |
| Heavy Crude | $68.22 | -$0.36 |
| Brent Crude | $70.58 | +$0.70 |
| WTI | $67.18 | +$0.63 |
This volatility in pricing underscores the ongoing fluctuations in the oil market, which remain influenced by various global economic factors.