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OPEC daily basket price closes higher

Posted on May 09 2014 | IANS

Vienna, May 9 : The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) stood at USD 103.94 a barrel Wednesday, against USD 103.69 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 (United Arab Emirates) and Merey (Venezuela).

A barrel is equal to 159 litres.

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