OPEC oil price down
Baku, Azerbaijan, March 30
By Maksim Tsurkov - Trend:
OPEC oil basket's price stood at $34.5 per barrel on March 29, or $0.98 less than on March 28, the cartel told Trend March 30.
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).
The world oil prices increased March 30 amid the data of the American Petroleum Institute (API) and in anticipation of the US Department of Energy's data on weekly crude oil stocks in the country.
The price for June futures of the North Sea Brent oil mix increased by 1.1 percent - up to $39.57 per barrel as of March 30, 12:00 (UTC/GMT+4 hours), while the price of May futures for WTI oil increased by 1.62 percent - up to $38.9 per barrel.