Iraqi Oil Price Update
As of Wednesday, February 26, 2025, Iraqi oil prices have fallen by two full points, settling at $77 per barrel in the latest trading sessions on the global market.
Recent figures indicate that Basra Crude is priced at $77.50 per barrel, with an average price of $74.45 per barrel. These figures reflect a decline of 1.76 points for both contracts scheduled for delivery in April 2025.
Additionally, global crude prices are on a downward trend, with Brent Crude priced at $73.13 per barrel and West Texas Intermediate (WTI) at $69.04 per barrel, both showing a reduction of 1.67 points.
| Type of Crude | Price per Barrel | Change |
|---|---|---|
| Basra Crude | $77.50 | -1.76 |
| Brent Crude | $73.13 | -1.67 |
| West Texas Intermediate | $69.04 | -1.67 |
The fluctuations in oil prices are indicative of broader trends within the global energy market and merit close observation by stakeholders in the Iraq oil sector and international investors alike.
