OPEC’s daily basket price stood at US$110.30 a barrel on Tuesday

VIENNA: The price of OPEC’s daily basket of crudes stood at US$109.62 a barrel on Tuesday, 24th June 2014, compared with US$110.30 on Monday, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Murban (U.A.E.), 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), Merey (Venezuela).

SOURCE: WAM