Baku, Azerbaijan, July 27
By Maksim Tsurkov – Trend:
OPEC oil basket’s price stood at $40.62 per barrel on July 26, or $0.72 less than on July 25, the cartel told Trend July 27.
The OPEC Reference Basket (ORB) is made up of the following oil brands: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), 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 demonstrating negative dynamics on July 27.
The price for September futures of the North Sea Brent oil mix decreased by 1.05 percent to $44.4 per barrel, while the price for September futures of WTI oil decreased by 0.54 percent to $42.69 per barrel as of 13:05 (GMT+4 hours) July 27.
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