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

OPEC daily basket price closes still lower

Image
IANS
Last Updated : Apr 02 2014 | 2:51 PM IST

Vienna, April 2 (IANS/WAM) The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at $103.25 a barrel on Tuesday, compared to $104.08 Monday, 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.

--IANS/WAM

ab/vm

Also Read

First Published: Apr 02 2014 | 2:40 PM IST

Next Story