OPEC oil basket's price stood at $33.69 per barrel on March 15, or $1.05 less than on March 14, the cartel told Trend March 16.

The OPEC Reference Basket (ORB) is made up of the following oil brands: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Minas (Indonesia), 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 world oil prices show a positive trend March 16 amid the American Petroleum Institute's data on crude oil reserves in the US.

The price for May futures of the North Sea Brent oil mix increased by 0.46 percent - up to $38.92 per barrel, while the price of April futures for WTI oil increased by 1.1 percent - up to $36.74 per barrel as of 12:28 (UTC/GMT +4 hours).

Source: TREND