The OPEC reference basket includes the crude mix of Sahara (Algeria), Girasol (Angola), Oriente (Ecuador), Safira (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy, Iran Basra Light, Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (United Arab Emirates) and Merey (Venezuela).
Venezuelan oil reported a decline of 18.9 yuan per barrel, after moving from 424, 20 to 405.30 yuan last week, the Ministry of Petroleum reported on Friday, reports AVN.
However, the Brent North Sea oil barrel for January deliveries was trading at $ 59.20 on Monday at the start of the Intercontinental Petroleum Exchange (ICE) electronic market.
Brent, the international benchmark for oil prices, rose 40 cents (0.68%) from the previous close on Friday, when it was 58.80.
Meanwhile, West Texas Intermediate crude (WTI), a benchmark in the United States, also in January, increased 16 cents (0.32%) and was trading at $ 50.58.
According to a Prensa Latina publication, oil prices resumed gains on Monday after heavy Friday losses, but remained under pressure with Brent crude below $ 60 a barrel amid financial markets . problems.
The pact of OPEC and other producing countries, such as Russia, to regain the balance in the oil market will be reviewed soon. It is expected that on Dec. 6 at the OPEC summit, it will be studied to approve a reduction in its pumping quotas that will help reduce the forecast of oversupply.