OPEC oil price increases
Baku, Azerbaijan, June 20
By Maksim Tsurkov – Trend:
OPEC oil basket’s price stood at $44.18 per barrel on June 17, or $0.15 more than on June 16, the cartel told Trend June 20.
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 June 20.
The price for August futures of the North Sea Brent oil mix increased by 1.34 percent – to $49.83 per barrel, while the price for August futures of WTI oil increased by 1.25 percent – to $48.58 per barrel on June 20.
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