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OPEC daily basket price closes lower

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IANS

Vienna, Aug 24 (IANS/WAM) The price of OPEC's basket of 14 crudes stood at $45.34 a barrel on Tuesday, compared with $46.04 on Monday, according to OPEC Secretariat.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Murban (UAE), Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), Minas (Indonesia), 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

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Aug 24 2016 | 8:20 PM IST

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