Angola: Cabinda oil price falls in November
December 9, 2016
In November, the average price of Angola’s Cabinda oil dropped 8.5% over the previous month, reaching USD 44.7 per barrel. On a year-on-year basis, the average oil price in November was 4.6% higher compared to the same month of the previous year.
More recently, on 8 December, the price of Angola’s Cabinda oil jumped to USD 51.5 per barrel, which was 19.1% higher than on the same day in November and 35.4% higher than on the same day last year. On a year-to-date basis, Cabinda oil prices have risen 47.0%.
Author: Andrea Vetrugno, Economist