February ICP rises to $106.08 per barrel
Wednesday, March 5 2014 - 09:20 AM WIB
By Ruli Setiawan
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$106.08 per barrel in February 2014, up $0.28 from $105.80 in January 2014, as shown Wednesday on the Directorate General of Oil and Gas? website.
The benchmark price of Minas/ SLC crude averaged $108.71 per barrel in February 2014, down from $113.03 in January 2014, the website also showed.
The increase occurred in line with the rise of crude prices in the international market.
Editing by Johannes Simbolon