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OPEC daily basket price continues upward march

  •   Tue, Feb 10 2015 04:50:18 PM

Vienna, Feb 10 (IANS/WAM): Maintaining a rising trend, the basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $53.58 a barrel Monday, compared with $53.36 last Friday, the OPEC secretariat said.

In its downward spiral that commenced November last year, OPEC oil prices had touched a low-mark of $41.50 Jan 13.

The OPEC reference basket of crudes is made up of the following: 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 (UAE) and Merey (Venezuela). One barrel of crude oil equals 159 litres.
  

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