OPEC oil price increases
Baku, Azerbaijan, March 13
By Maksim Tsurkov- Trend:
The price of OPEC oil basket stood at $62.53 a barrel on March 12, which is $0.58 more than on March 9, the cartel told Trend on March 13.
The OPEC Reference Basket of Crudes (ORB) is made up of the following: 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).
World oil prices began to increase by Tuesday evening amid a sharp weakening of the USD due to the resignation of Rex Tillerson from the post of US Secretary of State.
The price for May futures of the North Sea Brent oil mix increased by 0.12 percent –to $65.03 per barrel, and the price for April futures of West Texas Intermediate (WTI) oil increased by 0.05 percent –to $62.39 per barrel on March 13.