OPEC oil price continues to rise

2017-07-04 07:20:49

(MENAFN- Trend News Agency ) Baku, Azerbaijan, July 4

By Leman Zeynalova – Trend:

The price of OPEC's basket of 13 crudes stood at $46.89 per barrel on July 3, as compared to $45.63 per barrel on June 30, 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), 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 August futures of Brent crude oil has decreased by 0.36 percent to $49.50 per barrel as of 07:46 (UTC +4).

This is while the price for August futures of West Texas Intermediate (WTI) has dropped by 0.32 percent and stood at $46.92 per barrel.

---

Follow the author on Twitter: @Lyaman_Zeyn

MENAFN0407201701870000ID1095597458

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.