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OPEC daily basket price closes over a dollar higher

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IANS

Vienna, May 7 (IANS/WAM) The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $64.96 a barrel on Wednesday, compared to $63.62 on Tuesday, 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

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First Published: May 07 2015 | 2:50 PM IST

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