The price of OPEC oil basket on Tuesday, June 28, rose $0.14, or 0.31%, to $44,46 per barrel, whereas in the previous trading day it was $44,32 a barrel, the materials on the website of the cartel.
The term “basket” of OPEC (OPEC Reference Basket of Mar) was officially introduced on 1 January 1987. The oil basket is a conditional mixture composed of marks of oil which deliver on the world market 13 countries in the cartel. A historical high for the basket of the cartel is a price mark of $140.73 a barrel, recorded July 3, 2008.
Oil OPEC basket is one of the key price indicators of the world oil market.
This morning, the world prices for “black gold” has risen in electronic trading on the London and new York exchanges. So, futures for oil Brent with delivery in August on the London exchange ICE Futures rose 0.56% to $48,85 per barrel earlier today, surpassing $49 a barrel. August futures on light crude oil WTI on the new York Mercantile exchange (NYMEX) rose by 0.71% to $48,19 a barrel.
Oil rose in price in anticipation of the official data on the decline in fuel stocks in the U.S. market and news about a possible oil strike in Norway. Published data on the eve of the American Petroleum Institute (API) also showed a decrease in reserves of 3.86 million barrels for the week.