OPEC daily basket price closes higher with profits

Friday, 9 May 2014 - 7:00pm IST | Agency: IANS
The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) stood at $103.94 a barrel Wednesday, against $103.69 Wednesday, according to the OPEC Secretariat.

The basket of 12 crude oils of the Organization of Petroleum Exporting Countries ( OPEC) stood at $103.94 a barrel Wednesday, against $103.69 Wednesday, 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.




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