Baku, Azerbaijan, Sept. 5
By Azad Hasanli – Trend:
OPEC oil basket’s price stood at $41.51 per barrel on Sept. 2, or $0.53 less than on Sept. 1, the cartel told Trend Sept. 5.
The OPEC Reference Basket (ORB) is made up of the following oil brands: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), 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).
Meanwhile, the price for November futures of the North Sea Brent oil mix increased by 2.84 percent to $48.16 per barrel and the price for October futures of WTI oil increased by 3.42 percent up to $45.66 per barrel as of 14:55 (GMT+4 hours) on Sept. 5.
Earlier, the price for November futures of the North Sea Brent oil mix reached $49.38 per barrel and the price for October futures of WTI oil - $46.53 per barrel.