The price of OPEC oil basket on Tuesday, May 31 rose by $ 0.35, or 0.78%, to $ 45.15 per barrel, while in the previous trading day, it was $ 44.8 per barrel, the materials on the cartel’s website.
The term “basket” of OPEC (OPEC Reference Basket of crudes) was officially launched January 1, 1987. The oil basket – a conditional mixture composed of oil brands that supply the world market of the cartel 13 countries. A historic high for the cartel basket price is around $ 140.73 per barrel, recorded July 3, 2008.
OPEC oil basket is one of the key price indicators of the global oil market.
This morning, the world prices for “black gold” were down in electronic trading on the London and New York stock exchanges. Crude oil futures Brent crude for July delivery on the London ICE Futures Exchange fell by 0.09% to $ 49.5 per barrel. June futures for light WTI oil on the New York Mercantile Exchange (NYMEX) slipped by 0.71% to $ 48.75 per barrel.
Oil continues to fall in price, not expecting positive news for the market on the basis of an opening of the conference on Thursday, the Organization of Petroleum Exporting Countries (OPEC).
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