Azernews.Az

OPEC oil basket's price stood at $44.03 per barrel on June 16, or $1.33 less than on June 15, the cartel told Trend June 17.

The OPEC Reference Basket (ORB) is made up of the following oil brands: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), 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).

The price for August futures of the North Sea Brent oil mix increased by 1.17 percent - to $47.74 per barrel, while the price for July futures of WTI oil increased by 0.82 percent - to $46.59 per barrel on June 17.

---

Follow us on Twitter @AzerNewsAz