August ICP up to $111.72 per barrel
Tuesday, September 4 2012 - 03:09 AM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$111.72 per barrel for August, up $8.84 from $102.88 in July, as shown Tuesday on the Directorate General of Oil and Gas? website.
The benchmark price of Minas/SLC crude averaged $115.22 per barrel for August, an increase from $106.52 in July, the website also shows.
The increase occurred in line with the rise of crude prices on the international market.
Editing by Dadan Wijaksana