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OPEC oil price goes up

Oil&Gas Materials 10 June 2016 18:56 (UTC +04:00)
OPEC oil basket’s price stood at $48.02 per barrel on June 9, or $0.26 more than on June 8, the cartel told Trend June 10.
OPEC oil price goes up

Baku, Azerbaijan, June 10

By Maksim Tsurkov - Trend:

OPEC oil basket's price stood at $48.02 per barrel on June 9, or $0.26 more than on June 8, the cartel told Trend June 10.

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 are down on June 10.

The price for August futures of the North Sea Brent oil mix decreased by 1.14 percent - to $51.36 per barrel, and the price for June futures of WTI oil decreased by 1.33 percent - to $49.89 per barrel as of 15:33 (UTC/GMT+4) on June 10.

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Follow the author on Twitter: @MaksimTsurkov

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