Iraqi Oil Prices Experience Decline Amid Global Market Fluctuations
Date: February 14, 2025
In the global market today, Iraqi oil prices have experienced a decrease of $2, following a brief surge that saw prices surpass the $79 mark yesterday. The heavy Basra crude is currently priced at $74.19 per barrel, while the average price stands at $77.24 per barrel, reflecting a change of -2.12 for the upcoming delivery in Nissan 2025.
| Crude Type | Price per Barrel | Change |
|---|---|---|
| Basra Heavy Crude | $74.19 | -2.12 |
| Brent Crude | $75.19 | +0.17 |
| US West Texas Crude | $71.40 | +0.17 |
While Iraqi crude has seen a reduction in price, global crude prices have shown some resilience with Brent crude at $75.19 and US West Texas Intermediate at $71.40 per barrel, both reflecting a slight increase of $0.17.