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OPEC oil price goes up

Oil&Gas Materials 22 April 2016 14:18 (UTC +04:00)
OPEC oil basket’s price stood at $40.11 per barrel on Apr. 21, or $1.65 more than on Apr. 20.
OPEC oil price goes up

Baku, Azerbaijan, Apr. 22

By Maksim Tsurkov - Trend:

OPEC oil basket's price stood at $40.11 per barrel on Apr. 21, or $1.65 more than on Apr. 20, the cartel told Trend Apr. 22.

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).

Oil prices have slightly increased after the recent decline.

As of 11:11 (GMT+4) on Apr. 22, the price for June futures of the North Sea Brent oil mix increased by 0.9 percent to $44.93 per barrel, while the price for May futures of the WTI oil increased by 1.11 percent to $43.66 per barrel.

Edited by EA

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Follow the author on Twitter: @MaksimTsurkov

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