The OPEC Reference Basket (ORB) is made up of the following oil brands: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Minas (Indonesia), Iran Heavy (Islamic Republic of 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).
Global oil prices are going down against the strengthening of US dollar against euro.
The price for July futures of the North Sea Brent oil mix decreased by 0.42 percent - to $44.82 per barrel, while the price of June futures for WTI oil decreased by 0.52 percent - to $44.09 per barrel May 6 as of 11:42 (UTC/GMT+4 hours).
OPEC oil price goes up
06 May 2016
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OPEC oil basket`s price stood at $41.15 per barrel on May 5, or $0.71 more than on May 4, the cartel told on May 6.
