OPEC oil falls again
OPEC oil basket’s price stood at $30.13 per barrel on Feb. 29, or $0.61 less than on Feb. 26, the cartel told Trend March 1.
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).
There was a positive dynamics in oil prices on March 1.
The price of April futures for North Sea Brent crude oil mix increased by $36.81 per barrel on Feb. 29 morning.
Meanwhile, the price of April futures for WTI oil rose by $33.96 per barrel.
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