Baku, Azerbaijan, March 27
By Leman Zeynalova – Trend:
The price of OPEC basket of thirteen crudes stood at $48.26 a barrel on March 24, compared with $48.35 the previous day, according to the cartel’s website.
The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), 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).
World oil prices are going down on March 27. The price of May futures for Brent crude oil has decreased by 0.30 percent to $50.65 per barrel as of 05:03 EST. Meanwhile, the price of May futures for West Texas Intermediate (WTI) oil has dropped by 0.65 percent and stood at $47.66 per barrel.
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