Iraqi Oil Prices Steady Amid Global Market Fluctuations
Iraqi oil prices demonstrated stability during trading on January 30, 2025, with prices maintaining a level of $78 per barrel in the global market.
According to recent market data, Basra heavy crude was priced at $75.34 per barrel, while the average price reached $78.59 per barrel, reflecting a marginal change of -$0.26 for the March 2025 delivery.
Furthermore, there was a slight decline observed in global crude prices; Brent crude was recorded at $76.52 per barrel, while West Texas Intermediate (WTI) was priced at $72.65 per barrel, each reflecting a change of -$0.22.
Crude Type | Price per Barrel | Change |
---|---|---|
Basra Heavy Crude | $75.34 | -$0.26 |
Average Price | $78.59 | -$0.26 |
Brent Crude | $76.52 | -$0.22 |
West Texas Intermediate | $72.65 | -$0.22 |
This data underscores the ongoing shifts in the oil market, influenced by various global economic factors.