Oil Price Update: Iraqi Crude Sees Modest Gains Amid Global Market Fluctuations
On March 11, 2025, Iraqi oil prices experienced a modest uptick in the global market. Current data indicates that Basra Crude is priced at $71.03 per barrel. In contrast, heavy crude is trading at $67.98 per barrel, both reflecting a positive change rate of +0.20.
In comparison, global crude benchmarks showed a slight decline. Brent crude is currently valued at $69.23 per barrel, while U.S. West Texas Intermediate (WTI) crude stands at $65.92 per barrel, reporting change rates of -0.11% and -0.17%, respectively.
| Oil Type | Price per Barrel | Change Rate |
|---|---|---|
| Basra Crude | $71.03 | +0.20 |
| Heavy Crude | $67.98 | +0.20 |
| Brent Crude | $69.23 | -0.11% |
| West Texas Intermediate | $65.92 | -0.17% |
This data underscores the ongoing volatility in oil prices, influenced by various global economic factors.
