OPEC basket price down
By Trend
The price of OPEC basket of thirteen crudes stood at $48.28 a
barrel on March 22, compared with $49.23 the previous day,
according to the cartel’s website.
The OPEC Reference Basket of Crudes (ORB) is made up of the
following: Saharan Blend (Algeria), Girassol (Angola), Oriente
(Ecuador), 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 are rising on March 23. The price of May futures
for Brent crude oil has increased by 0.39 percent to $50.84 per
barrel as of 04:39 EST. Meanwhile, the price of May futures for
West Texas Intermediate (WTI) oil has grown by 0.48 percent and
stood at $48.27 per barrel.
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