Business Standard

OPEC daily basket price closes slightly lower

Image

IANS

Vienna, May 28 (IANS/WAM) The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $60.43 a barrel on Wednesday compared to $60.73 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/bg

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 28 2015 | 2:46 PM IST

Explore News