OPEC basket price rises
Baku, Azerbaijan, Nov.24
By Leman Zeynalova – Trend:
The price of OPEC basket of fourteen crudes stood at $45.35 a barrel on Nov.23, compared with $45.25 the previous day, according to the cartel’s website.
The new OPEC Reference Basket of Crudes (ORB) is made up of the following: 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).
Oil prices have little changed on Nov.24. At 07:52 GMT, Brent crude futures were trading at $48.98, up 3 cents from their previous close.
US West Texas Intermediate (WTI) crude was at $48.02 per barrel, up 6 cents from their last settlement.