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 up on June 7.
The price for July futures of the North Sea Brent oil mix increased by 1.83 percent - up to $50.5 per barrel, while the price of July futures for WTI oil increased by 2.26 percent - up to $49.72 per barrel June 7.
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