Baku, Azerbaijan, July 7
By Maksim Tsurkov – Trend:
OPEC oil basket’s price stood at $44.35 per barrel on July 6 or $0.01 more than on July 5, the cartel told Trend July 7.
The OPEC Reference Basket (ORB) is made up of the following oil brands: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), 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).
Oil prices are increasing on July 7.
The price for September futures of the North Sea Brent oil mix increased by 0.33 percent and stood at $48.96 per barrel, while the price for August futures of WTI oil increased by 0.38 percent and stood at $47.61 per barrel at 11:35 (GMT+4) on July 7.
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