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OPEC oil price goes up

Economy Materials 3 June 2016 20:45 (UTC +04:00)
OPEC oil basket’s price stood at $45.58 per barrel on June 2, or $0.39 more than on June 1
OPEC oil price goes up

Baku, Azerbaijan, June 3

By Aygun Badalova - Trend:

OPEC oil basket's price stood at $45.58 per barrel on June 2, or $0.39 more than on June 1, the cartel told Trend June 3.

The OPEC Reference Basket (ORB) is made up of the following oil brands: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Minas (Indonesia), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

Global oil prices fluctuate on June 3.

The price for August futures of the North Sea Brent oil mix decreased by 0.04 percent - to $50.02 per barrel, while the price of July futures for WTI oil decreased by 0.04 percent - to $49.15 per barrel June 3.

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