Baghdad, Iraq
Iraqi oil prices concluded their weekly trading activity on Saturday, February 1, 2025, in the global market.
According to the latest data, Basra Heavy Crude was priced at $74.98 per barrel, with an average of $78.23 per barrel, reflecting a change of 0.44+. This pricing pertains to the March 2025 delivery.
Additionally, the data indicated a slight downturn in global crude prices. Brent crude was recorded at $76.76 per barrel, while the US West Texas Intermediate (WTI) crude stood at $72.53 per barrel, both exhibiting a decline of 0.20-.
Crude Type | Price per Barrel | Change |
---|---|---|
Basra Heavy Crude | $74.98 | 0.44+ |
Average Crude Price | $78.23 | – |
Brent Crude | $76.76 | 0.20- |
US WTI Crude | $72.53 | 0.20- |
These developments reflect the ongoing volatility in the global oil market, highlighting the economic dynamics that affect Iraq’s oil revenue.