[ad_1]
The average oil price of the Organization of the Petroleum Exporting Countries (OPEC) fell yesterday to 69.98 dollars a barrel, informs the cartel on its website today
. On Tuesday, a barrel of the OPEC basket was traded for 70
For the determination of the price of OPEC oil, one uses what is called the oil basket, of which 14 varieties to be exported to members of the cartel: Arab Light (Saudi Arabia), Basra Cure (Iraq), Bonnie Nigeria, Es Sider (Libya), Girasal (Angola), Iranian Heavy (Iran), Kuwait export (Kuwait ), Meire (Venezuela) (a), Murban (UAE), Oriental (Ecuador), Qatar marine (Qatar), mixture of Shaharan or Saharan mixture (Algeria), Rabbi (Gabon) and Zafiro (Equatorial Guinea). The price of oil per barrel is determined by subtracting an arithmetic average of the prices at the time of OPEC closing "previous business day
Source: BTA
[ad_2]
Source link
