OPEC daily basket price closes higher

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Vienna, Oct 3 (IANS/WAM) The price of OPEC’s basket of 14 crudes stood at $44.63 a barrel on Friday, compared with $44.34 on Thursday, according to the OPEC Secretariat.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Murban (UAE), Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), Minas (Indonesia), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia) and Merey (Venezuela). A barrel equals 159 litres.

–IANS/WAM

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