Iraqi Oil Prices Rise Amid Global Market Trends
As of trading on Thursday, February 20, 2025, Iraqi oil prices have surpassed the $78 per barrel mark in the global market.
Recent data indicates that heavy Basra crude was priced at $75.74 per barrel, with an average price of $78.79 per barrel, reflecting a change of +0.65. Notably, this is associated with delivery for Nissan 2025.
In broader market trends, global crude prices have also experienced an uptick. Brent crude reached $75.79 per barrel, while West Texas Intermediate (WTI) crude was recorded at $71.88 per barrel. These figures show an increase of +0.25 for Brent and +0.37 for WTI, respectively.
This price movement reflects ongoing volatility in the energy sector, driven by various global economic factors.
Price Overview:
| Crude Type | Price (USD per barrel) | Change |
|---|---|---|
| Basra Heavy Crude | $75.74 | +0.65 |
| Average (Nissan 2025) | $78.79 | +0.65 |
| Brent Crude | $75.79 | +0.25 |
| WTI Crude | $71.88 | +0.37 |
These developments warrant close observation as they can have significant implications for both local and global markets.
