OPEC daily basket price up
Baku, Azerbaijan, May 25
The price of OPEC basket of fourteen crudes stood at $76.62 a barrel on May 24, which is by $0.19 more compared to May 23, the cartel told Trend May 25.
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).
The price for July futures of the North Sea Brent oil mix fell by 0.83 percent to $77.96 per barrel, while the price for July futures of West Texas Intermediate (WTI) oil decreased by 0.55 percent and stood at $70.16 per barrel as of 13:18 (GMT +4), May 25.