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OPEC oil price goes up

Oil&Gas Materials 2 August 2016 12:48 (UTC +04:00)
OPEC oil basket’s price stood at $39.1 per barrel on Aug. 1, or $0.13 more than on July 29.
OPEC oil price goes up

Baku, Azerbaijan, Aug. 2

By Maksim Tsurkov – Trend:

OPEC oil basket’s price stood at $39.1 per barrel on Aug. 1, or $0.13 more than on July 29, the cartel told Trend Aug. 2.

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 on global markets are demonstrating negative dynamics on Aug. 2.

The price for October futures of the North Sea Brent oil mix decreased by 0.14 percent to $42.08 per barrel, while the price for September futures of WTI oil fell by 0.4 percent to $39.9 per barrel as of 12:00 (GMT+4 hours) Aug. 2.

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Follow the author on Twitter: @MaksimTsurkov

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