The Daily Journal.- The Merey component of the Organization of the Petroleum Exporting Countries (OPEC) Reference Basket averaged $93.75 per barrel in September, an increase of $16.93 from August, according to the organization’s monthly report.
The change represents a monthly increase of approximately 22% in the price of this Venezuelan crude oil, which posted a smaller gain than the OPEC Reference Basket (ORB). The ORB averaged $110.59 per barrel after rising $24.15 during the month.
The West and North African components of the basket rose by an average of $26.15 per barrel to $115.95, while crude grades serving multiple regions gained $25.05 to reach $108.20 per barrel.
Meanwhile, Murban crude rose $24.43 to average $115.39 per barrel in September.
