Iraqi Oil Prices Maintain Relative Stability Amid Global Market Fluctuations
Iraqi oil prices showcased a degree of stability in the global market during trading on February 18, 2025.
According to the latest data, heavy Basra crude oil was priced at $74.53 per barrel, with an average of $77.58 per barrel reflecting a slight increase of 0.34. These prices pertain to contracts set for delivery in Nissan 2025.
Furthermore, data indicated a rise in global crude oil prices, with Brent crude oil reaching $75.41 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude stood at $71.48 per barrel, witnessing changes of 0.48 and 0.71 respectively for each type.
| Oil Type | Price per Barrel | Change |
|---|---|---|
| Heavy Basra Crude | $74.53 | +0.34 |
| Average Iraqi Crude | $77.58 | +0.34 |
| Brent Crude | $75.41 | +0.48 |
| US West Texas Intermediate | $71.48 | +0.71 |
These figures underscore the dynamics of the oil market as it responds to various global economic conditions and underlying demand factors.