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OPEC crude basket closes lower

Posted on Feb 28 2014 | IANS

Vienna, Feb 28 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at USD 106.10 a barrel Thursday, compared to USD 106.49 Wednesday, 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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