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Iraqi Oil Prices Hold Steady at $78 per Barrel for Second Consecutive Day

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.

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