Baku, Azerbaijan, July 29
By Maksim Tsurkov – Trend:
OPEC oil basket’s price stood at $39.79 per barrel on July 28, or $0.7 less than on July 27, the cartel told Trend July 29.
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).
Oil prices are decreasing on July 29.
The price for September futures of the North Sea Brent oil mix decreased by 0.63 percent to $42.43 per barrel, while the price for September futures of WTI oil decreased by 0.51 percent to $40.93 per barrel as of 11:25 (GMT+4 hours) July 29.
---
Follow the author on Twitter: @MaksimTsurkov