The price of a barrel of OPEC oil increased by 48 cents, or 1.26% to 38,52 per barrel compared with the previous trading day.
MOSCOW, 20 Nov. The price oil “baskets” the OPEC (OPEC Reference Basket of crudes) on Thursday, November 19, rose by 0.48 dollars, or 1.26% to 38,52 per barrel compared with the previous trading day, the message of the organization.
Thus on Wednesday the price of a barrel of OPEC oil dropped to the level of December 2004 — 38,04 dollars per barrel.
The average price of a barrel in November of the current year amounted to $ 41,19 dollar, in 2015 — 51,33 USD.
In 2014, the average price oil “baskets” was 96,29 dollar against 105,87 dollars per barrel in 2013. The cost of the “basket” dropped below $ 100 in September 2014 and totalled 95,98 dollars per barrel.
In 2012, the average price of a “basket” was 109,45 dollars per barrel, in 2011 — 107,46 dollar, in 2010 — 77,45 dollar. The record price of basket was set July 3, 2008 — 140,73 dollars per barrel.
The price “baskets” the OPEC is defined as the average of the prices of the following grades of oil extracted by the countries of 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 Merey (Venezuela).