Rus News Journal

The barrel of oil of the OPEC has fallen in price on August, 3rd for 1,16 percent

the Price oil baskets the OPEC on Wednesday, on August, 3rd, has gone down for 1,3 dollars (on 1,16 %) - to 110,55 dollars for barrel about 111,85 dollars for barrel in previous day of the auctions, follows from the organisation message.
in January, 2011 the average price of barrel of oil of the OPEC has made 92,83 dollars, in February - 100,29 dollars, in March - 109,84 dollars, in April - 118,09 dollars, in May - 110,68 dollars, in June - 109,4 dollars, in July - 111,6 dollars.

In 2010 the average price of barrel of oil of the OPEC has made 77,45 dollars, in 2009 - 61,06 dollars. A price record baskets has been established on July, 3rd, 2008 - 140,73 dollars for barrel. In March, 2008 a basket about 12 grades of oil at the expense of Ecuador have been expanded.

Thus, now the price baskets The OPEC is defined as an average arithmetic indicator of the physical prices of following grades of the 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 (United Arab Emirates) and BCF 17 (Venezuela).