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OPEC oil price goes up

Oil&Gas Materials 31 May 2016 12:51
OPEC oil basket’s price stood at $44.8 per barrel on May 30, or $0.04 more than on May 27.
OPEC oil price goes up

Baku, Azerbaijan, May 31

By Maksim Tsurkov - Trend:

OPEC oil basket's price stood at $44.8 per barrel on May 30, or $0.04 more than on May 27, the cartel told Trend May 31.

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 price for August futures of the North Sea Brent oil mix decreased by 0.34 percent - to $49.59 per barrel, while the price of July futures for WTI oil decreased by 0.14 percent - to $49.54 per barrel May 31 as of 11:30 (UTC/GMT+4 hours).

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Follow the author on Twitter: @MaksimTsurkov

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