Don’t miss the latest developments in business and finance.

OPEC daily basket price closes a dollar lower

Image
IANS
Last Updated : Jun 16 2015 | 4:22 PM IST

Vienna, June 16 (IANS/WAM) The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $60.17 a barrel on Monday compared to $61.17 last Friday, the organisation's secretariat said.

The OPEC Reference Basket of Crudes is made up of Murban (UAE), 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) and Merey (Venezuela). A barrel equals 159 litres.

--IANS/WAM

ab/vt

Also Read

First Published: Jun 16 2015 | 4:14 PM IST

Next Story