Iraqi Oil Prices Exhibit Stability in Global Markets
Iraqi oil prices demonstrated notable stability on March 3, 2025, as trading commenced for the week in the global market.
Current Price Benchmarks
According to the latest data, Basra Crude is priced at $75.20 per barrel, while the average price is $72.15 per barrel, reflecting a modest increase of $0.88 for both, applicable to deliveries in Nissan 2025.
Global Oil Price Trends
In the broader context of the global market, Brent crude is trading at $73.18 per barrel, with West Texas Intermediate (WTI) crude at $69.67 per barrel, each showing an increase of $0.36.
| Oil Type | Price per Barrel ($) | Change ($) |
|---|---|---|
| Basra Crude | 75.20 | +0.88 |
| Average Price | 72.15 | +0.88 |
| Brent Crude | 73.18 | +0.36 |
| US West Texas Intermediate Crude | 69.67 | +0.36 |
The current stability in oil prices reflects ongoing trends in supply dynamics and global demand influences. As these metrics evolve, industry stakeholders will continue to monitor shifts closely to inform strategic decisions.
