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The average oil price of the Organization of the Petroleum Exporting Countries (OPEC) rose yesterday to $ 72.01 a barrel, the cartel informs on its website today
Monday, a barrel of the OPEC basket was traded for 71 To determine the price of OPEC oil, one uses what is called the oil basket, including 14 varieties of petroleum products intended for for export to cartel members: Saudi Arabia, Basra Cure (Iraq), Bonnie Nigeria, Es Sider (Libya), Girasal (Angola), Iranian Heavy (Iran), Kuwait Export (Kuwait), Merai (Venezuela) La), Murban (UAE), Oriental (Ecuador), Qatar Marine (Qatar), Shaharan Mix or Saharan Mix (Algeria), Rabbi Luk (Gabon) and Zafiro (Equatorial Guinea)
The price of the Oil of barrel is determined by subtracting an arithmetic average of the prices at the time of the closing OPEC "working day previous
Source: BTA
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