The price of oil changed in the world markets.
On NYMEX (New York Mercantile Exchange) cost of the US light crude oil decreased $0.17 to stand at $43.77. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) fell $0.18 to trade at $48.59.
The price of a barrel of Azeri Light crude oil increased $0.73 to stand at $52.51 on the world markets.
The price of OPEC basket of fourteen crudes stood at $48.88 a barrel on July 28, compared with $48.51 the previous day, the cartel said in a message.
The OPEC Reference Basket of Crudes (ORB) is made up of the following: 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).
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