Baku, Azerbaijan, Apr. 13
By Aygun Badalova - Trend:
OPEC oil basket's price stood at $38.62 per barrel on Apr. 12, or $1.6 (4.32 percent) more than on Apr. 11, the cartel told Trend Apr. 13.
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).
A negative dynamics was observed in the global oil prices amid the data on the growth of crude oil stocks on the US market.
The price for June futures of the North Sea Brent oil mix decreased by 0.69 percent - up to $44.38 per barrel at ICE Futures U.S., while the price of May futures for WTI decreased by 1 percent - up to $41.77 per barrel at the New York Mercantile Exchange (NYMEX) as of Apr. 13 morning.