Ores [OPEC] back down to $ 29 a barrel and a half

Dated: February 9, 2016

BAGHDAD / News Network Iraq announced the Organization of Petroleum Exporting Countries [OPEC], today, that the price of crude 12-basket dropped last Friday rose 63 cents to settle at 30.29 dollars a barrel compared with 93.29 dollars Thursday Almadi.ozkrt news agency bulletin [OPEC] that "the monthly average for the price of its basket of crudes for the month of January this year amounted to 50.26 dollars a barrel compared with 64.33 dollars during December last, which indicates that the basket price reached since the beginning of this year until the end of last week's 20.29 dollars a barrel. "She explained that" the annual rate for the basket price last year was 64.49 dollars a barrel, ".otdm OPEC basket, which is a reference in the level of production 12 species policy, a raw [deserts] Algerian heavy Iranian and [Basra] Iraqi crude Kuwait export crude [Seder] Libyan crude Bonnie Nigerian maritime Qatari Arabian light crude and crude Saudi crude [bitters and raw Venezuelan and Girassol] Angolan and urinate Llacuadora.okan oil ministers of OPEC recommended at the conclusion of the ministerial meeting in Vienna on the fourth of December last member states of the need to follow developments in the oil market carefully in the coming months with maintain the current production ceiling of the member states of the organization, set at 30 million barrels per day.