OPEC oil price decreases

7 December 2017 17:45 (UTC+04:00)

By  Trend

OPEC oil basket’s price stood at $60.73 per barrel on Dec. 6, which is $0.14 less than on Dec. 5, the cartel told Trend on December 7.

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 increased by 0.49 percent to $61.52 per barrel, while the price for January futures of WTI oil increased by 0.18 percent to $56.06 per barrel on December 7.

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