Iraq’s Oil Prices Stabilize Above $78 per Barrel
Iraqi oil prices commenced trading on February 11, 2025, demonstrating stability above $78 per barrel. Recent data indicates that heavy Basra crude has been listed at $75.42 per barrel, while the average price of Iraqi oil stands at $78.57 per barrel, reflecting a slight increase of $0.45.
In the broader context of the global market, crude oil prices have also observed a modest rise. Brent crude is currently priced at $76.14 per barrel, while the U.S. West Texas Intermediate (WTI) has reached $72.55 per barrel, both showing an uptick of $0.28.
Current Oil Prices Overview
| Oil Type | Price per Barrel | Change |
|---|---|---|
| Heavy Basra Crude | $75.42 | – |
| Iraqi Average | $78.57 | +$0.45 |
| Brent Crude | $76.14 | +$0.28 |
| U.S. West Texas Intermediate | $72.55 | +$0.28 |
This information reflects the current dynamics in the oil market and highlights Iraq’s position within it. The stability of these prices can have significant implications for the country’s economy and its oil-dependent sectors.
