OPEC daily basket price closes lower

Vienna, Feb 22 (IANS/WAM) The price of OPEC’s basket of thirteen crudes stood at $29.17 a barrel on Friday, compared with $29.96 on Thursday, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes (ORB) 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

py/vt

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