June ICP drops to $59.40 per barrel

The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$59.40 per barrel in June this year, down $2.46 from $61.86 in May, as shown on Friday on the website of the Directorate General of Oil and Gas at the Energy and Mineral Resources Ministry.

The benchmark price of Minas/SLC crude averaged at $59.54 per barrel in June, a decrease from $62.70 in May, the website reported.

Editing by Benget Besalicto ST