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OPEC daily basket price closes higher again

Posted on Mar 27 2014 | IANS

Vienna, March 27 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at USD 103.62 a barrel Wednesday, compared to USD 103.39 Tuesday, 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 (United Arab Emirates) and Merey (Venezuela).

A barrel is equal to 159 litres.

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