Iraqi Oil Prices Show Stability at the Start of Weekly Transactions
On Monday, Iraqi oil prices demonstrated significant stability as the global markets reopened for the week. According to the latest data, Basra Crude is priced at $70.83 per barrel, while heavy crude stands at $67.78 per barrel, reflecting a marginal change of -0.85 for both, slated for delivery in May 2025.
The data further indicates a slight decline in global crude prices, with Brent crude recorded at $69.87 and the US West Texas Intermediate (WTI) at $66.53 per barrel, each experiencing changes of -0.49 and -0.51, respectively.
| Crude Type | Price per Barrel | Change | Delivery Month |
|---|---|---|---|
| Basra Crude | $70.83 | -0.85 | May 2025 |
| Heavy Crude | $67.78 | -0.85 | May 2025 |
| Brent Crude | $69.87 | -0.49 | N/A |
| US WTI | $66.53 | -0.51 | N/A |
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