Wednesday, April 21, 2010

Price per barrel of OPEC oil April 20 rose to 81.8 U.S.


Price of oil OPEC basket (OPEC Reference Basket of crudes) on Tuesday, April 20, rose to 0.94 U.S. dollar - up to 81.83 dollars per barrel to 80.89 dollars per barrel to 80 previous trading day should be from the message of the organization. In March 2010 the average price of a barrel of OPEC oil was 77.21 dollars, in February - 72.99 dollar in January - 76.01 dollars per barrel. Record prices of the basket was set July 3, 2008 - 140.73 dollars per barrel. The average price in 2009 was less than half - 61.06 dollars per barrel. In March 2008 the "basket" has been expanded to 12 varieties of oil at the expense of Ecuador. Thus, the current price of OPEC basket is determined by the average of the prices of the following sorts of natural oil produced by countries in the cartel: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and BCF 17 (Venezuela).

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