A week before the price for one barrel of oil was $30.61, which is higher than the top level in the price corridor fixed by the OPEC leadership within the $22-28 limit.
So, the average oil price this year was, as of March 8, $30.16 per barrel.
The average price of the oil cartel in the past year was $28.10 per barrel and a year before it was $24.36.
The OPEC basket includes the following oil brands: Algerian Saharan Blend, Indonesian Minas, the Nigerian Bonny Light, the Arabian Light brand of Saudi Arabia, the Dubai brand of the Emirates, the Venezuelan Tia Juana and Mexican Isthmus Crude.
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