Iraqi Oil Prices Maintain Stability in Global Markets
Iraqi oil prices have demonstrated a degree of stability during trading on the global market today, Tuesday.
Data reveals that heavy Basra crude is priced at $74.53 per barrel, while the average for future deliveries in May 2025 stands at $77.58 per barrel, experiencing an increase of $0.34.
Further analysis indicates a rise in global crude prices, with Brent crude reported at $75.41 per barrel and West Texas Intermediate (WTI) crude at $71.48 per barrel. Both benchmarks reflected positive change, increasing by $0.48 and $0.71, respectively.
| Crude Type | Price per Barrel ($) | Change ($) |
|---|---|---|
| Basra (Heavy) | $74.53 | +0.34 |
| Brent | $75.41 | +0.48 |
| West Texas Intermediate | $71.48 | +0.71 |
| Average for May 2025 | $77.58 |
As the market continues to fluctuate, these data points reflect the current trends and underlying dynamics of the global oil landscape.
