Wednesday, June 29, 2011

World oil markets continues to rise in price

Cost of the OPEC oil basket for the first time since 2008 has exceeded U.S. $ 90.7 per barrel price of petroleum "basket" of OPEC for the first time since September 2008 has exceeded by the end of last week, the value of 90.7 dollars per barrel. and thus the eighth time in December 2010, updated its two-year high, RBC reports. As reported today, the secretariat of the international oil cartel, the price of petroleum "basket" of OPEC as of December 24, 2010 was officially 90.73 per barrel. This is its highest since Sept. 29, 2008 Note above $ 90 per barrel. price of petroleum "basket" of OPEC for the first time over the past 26 months, established 22 December 2010 and remains above that mark three trading days in a row. Including 24 Dec. its price has risen relative to the previous day at 57 cents. Petroleum "basket" of OPEC (OPEC Reference Basket of crudes) - a conditional oil mixture consisting of grades of oil, which supply the world market of the country the international oil cartel. Calculation of weighted average indicative price is carried out daily on weekdays, the OPEC Secretariat in Vienna, as for the previous trading day.

No comments:

Post a Comment