By  Trend

OPEC oil basket’s price stood at $59.98 per barrel on November 16, which is $0.19 more than on Nov. 15, the cartel told Trend on November 17.

The OPEC Reference Basket of Crudes (ORB) is made up of Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), 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).

The price for January futures of the North Sea Brent oil mix decreased by 0.68 percent to $61.45 per barrel, while the price for December futures of WTI oil increased by 0.27 percent to $55.48 per barrel on November 17.