Iraqi Oil Prices Experience Moderate Increase
On February 17, 2025, Iraqi oil prices exhibited a slight uptick in the global market.
Current Price Levels
Data indicates that heavy Basra crude has reached a price of $74.53 per barrel. Additionally, the average price for crude oil has been recorded at $77.58 per barrel, reflecting a change of +0.34, specifically for the delivery set in January 2025.
| Crude Type | Price per Barrel | Change |
|---|---|---|
| Heavy Basra Crude | $74.53 | +0.34 |
| Average Crude | $77.58 | +0.34 |
Global Market Trends
In contrast, global crude prices have seen a decline. Brent crude is currently listed at $74.95 per barrel, while West Texas Intermediate (WTI) crude is priced at $70.82 per barrel, both reflecting a change of -0.17.
| Crude Type | Price per Barrel | Change |
|---|---|---|
| Brent Crude | $74.95 | -0.17 |
| West Texas Intermediate (WTI) | $70.82 | -0.17 |
As the global oil market evolves, these fluctuations in price highlight the ongoing complexities impacting the energy sector.
