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OPEC crude basket closes over a dollar lower

Posted on Mar 05 2014 | IANS

Vienna, March 5 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at USD 106.30 a barrel Tuesday, compared to USD 107.80 Monday, 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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