October ICP up to $54.02 per barrel
Saturday, November 4 2017 - 02:17 AM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at an average of US$54.02 per barrel in October, up by $1.55 from $52.47 in September, as shown on Friday on the website of the Energy and Mineral Resources Ministry.
The benchmark price of Minas/SLC crude averaged at $54.71 per barrel in October, an increase from $53.17 in September, the ministry said.
The increase occurred in line with higher crude prices in the international market.
Editing by Reiner Simanjuntak