Iraqi Oil Prices Surpass $79 per Barrel
On February 13, 2025, Iraqi oil prices entered the global market surpassing the $79 per barrel threshold. The heavy Basra crude benchmark recorded a price of $76.31 per barrel, while the average crude price stood at $79.36 per barrel, reflecting a positive change of $0.89.
In contrast, global crude prices experienced a slight downturn. Brent crude was priced at $74.50 per barrel, and West Texas Intermediate recorded $70.71 per barrel, both showing a decrease of $0.68.
| Oil Type | Price per Barrel ($) | Change ($) |
|---|---|---|
| Heavy Basra Crude | 76.31 | – |
| Average Crude | 79.36 | +0.89 |
| Brent Crude | 74.50 | -0.68 |
| West Texas Intermediate | 70.71 | -0.68 |
This movement in oil prices reflects ongoing dynamics in the global energy market, impacting economies that rely heavily on oil exports.
