OPEC oil price up on March 4

OPEC oil basket’s price stood at $32.34 per barrel on March 4, or $0.73 more than on March 3, the cartel told Trend March 7.

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).

At present, the price for May futures of the North Sea Brent crude oil stands at $39.09 per barrel, while the price for April futures of WTI oil is $36.4 per barrel.

/By Trend/