OPEC oil up in price
By Trend
The price of OPEC’s basket of 14 crudes stood at $49.76 per barrel on August 24, as compared to $49.49 per barrel on August 23, the cartel said in a message on its website.
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 October futures of Brent oil has increased by 0.86 percent to $52.49 per barrel as of 08:48 (UTC + 4).
The price for September futures of West Texas Intermediate (WTI) grew by 0.78 percent and stood at $48.80 per barrel.
--
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!