OPEC oil price decreases
Baku, Azerbaijan, Dec. 6
By Maksim Tsurkov – Trend:
OPEC oil basket’s price stood at $60.87 per barrel on Dec. 5, which is $0.58 more than on Dec. 4, the cartel told Trend Dec. 6.
The OPEC Reference Basket of Crudes (ORB) is made up of Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), 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 February futures of the North Sea Brent oil mix decreased by 0.54 percent to $62.52 per barrel, while the price for January futures of WTI oil decreased by 0.69 percent to $57.22 per barrel Dec. 6.