Iraqi Oil Prices Maintain Stability Amid Global Market Fluctuations
Iraqi oil prices demonstrated stability in global trading on January 30, 2025, remaining steady at approximately $78 per barrel for the second consecutive day.
Data shows that heavy Basra crude is priced at $75.34 per barrel, while the overall average has been recorded at $78.59 per barrel, reflecting a minor decrease of $0.26. This price pertains to the delivery scheduled for March 2025.
Furthermore, there has been a slight decline in global crude prices. As of the latest figures, Brent crude stands at $76.52, and West Texas Intermediate (WTI) crude is priced at $72.65 per barrel, each experiencing a drop of $0.22.
| Oil Type | Price (USD per Barrel) | Change (USD) |
|---|---|---|
| Basra Crude | $75.34 | – |
| Average Iraqi Oil | $78.59 | -0.26 |
| Brent Crude | $76.52 | -0.22 |
| West Texas Crude | $72.65 | -0.22 |
This data underscores the current stability of Iraqi oil prices amidst minor fluctuations in the broader market, signaling an important phase for stakeholders in the energy sector.
