OPEC daily basket price closes lower

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Vienna, Feb 8 (IANS/WAM) The price of OPEC’s basket of thirteen crudes stood at $29.30 a barrel on Friday, compared with $29.93 on Thursday, the organisation’s secretariat said.

The OPEC Reference Basket of Crudes is made up of the following: Murban (UAE), Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Minas (Indonesia), Iran Heavy (Islamic Republic of 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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