OPEC daily basket price for Monday, 29th December 2014.

VIENNA: The price of OPEC’s basket of twelve crudes stood at US$54.44 a barrel on Monday, compared with $56.03 the previous Wednesday, according to OPEC’s Secretariat calculations.

The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Murban (UAE), Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), 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).

SOURCE: WAM