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OPEC crude basket closes slightly higher

Posted on Feb 25 2014 | IANS

Vienna, Feb 25 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at USD 106.70 a barrel Monday, compared to USD 106.68 last Friday, according to the OPEC Secretariat.

The new OPEC reference basket comprises Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (the United Arab Emirates), and Merey (Venezuela).

A barrel is equal to 159 litres.

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