OPEC oil basket price continues to rise

By  Trend

The price of OPEC basket of fourteen crudes stood at $61.72 a barrel on December 19, compared with $61.64 the previous day, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Zafiro (Equatorial Guinea), 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 February futures of the North Sea Brent oil mix rose by 0.22 percent – up to $63.94 per barrel, while the price for February futures of West Texas Intermediate (WTI) oil increased by 0.38 percent – up to $57.78 per barrel on Dec.20.