November ICP up to $59.34 per barrel

By Romel S. Gurky

The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at an average of US$ 59.34 per barrel in November, up by $ 5.32 from $ 54.02 in October, as shown on Wednesday on the website of the Energy and Mineral Resources Ministry.

The benchmark price of Minas/SLC crude averaged at $59.83 per barrel in November, an increase from $54.71 in October, the ministry said.

The increase occurred in line with higher crude prices in the international market.

Editing by Reiner Simanjuntak