Iraqi Oil Prices Maintain Stability Amid Market Transactions
As of March 10, 2025, Iraqi oil prices have demonstrated notable stability with the commencement of weekly transactions in the global market.
Current Price Overview
Data indicates that Basra Crude is priced at $70.83 per barrel, while heavy crude stands at $67.78 per barrel, each reflecting a decrease of $0.85 for May 2025 delivery.
In broader market trends, the global crude prices show a slight decline. Brent crude is currently trading at $69.87 per barrel, and the West Texas Intermediate (WTI) has a price of $66.53 per barrel, with shifts of $0.49 and $0.51, respectively.
Summary of Key Prices
| Type | Price per Barrel | Change |
|---|---|---|
| Basra Crude | $70.83 | -$0.85 |
| Heavy Crude | $67.78 | -$0.85 |
| Brent Crude | $69.87 | -$0.49 |
| WTI | $66.53 | -$0.51 |
In summary, the stability of Iraqi oil prices in the context of ongoing global market fluctuations points to a resilient position within the oil sector as it adapts to the prevailing economic conditions.
