Organisation of Petroleum Exporting Countries daily basket price closes lower

Vienna, Jul 3: The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at $108.35 a barrel on Wednesday, compared to $108.68 on Tuesday, according to OPEC Secretariat calculations.

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.