Baku, Azerbaijan, Apr. 12
By Emil Ilgar - Trend:
OPEC's oil basket price reached $37.02 on April 11, its highest so far in 2016.
The basket price experienced a $1.01 increase day-to-day, the official website of OPEC reported on April 12.
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).
The price for June futures of the North Sea Brent oil mix increased by 0.42 percent to $43.01 per barrel, while the price of May futures for WTI increased by 0.45 percent to $40.54 per barrel as of 11:40 (GMT +4) on Apr. 12.
