OPEC oil basket’s price stood at $29.19 per barrel on Feb. 25, or $0.89 more than on Feb. 24, the cartel told Trend Feb. 26.
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 Feb. 26 as well.
The price of April futures for North Sea Brent crude oil mix increased by 0.43 percent and stood at $35.44 per barrel on Feb. 26 morning.
The price of April futures for WTI oil increased by 0.79 percent and reached $33.33 per barrel.
Bakuinfo.Az
