OPEC daily basket price closes over $3 higher

Vienna, Feb 16 (IANS/WAM) The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $55.97 a barrel Friday, compared with $52.86 Wednesday, the OPEC secretariat said.

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.

--IANS/WAM

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