OPEC daily basket price closes higher

opecVienna, May 14 : The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) stood a tad lower at $104.50 a barrel Tuesday, against $104.21 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 (United Arab Emirates) and Merey (Venezuela). A barrel is equal to 159 litres. (IANS)

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