OPEC daily basket price closes higher

The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at USD105.72 a barrel on Monday.

Vienna: The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at USD105.72 a barrel Monday, compared to USD 105.38 last Friday, according to OPEC Secretariat calculations.

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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