OPEC daily basket price drops

Vienna, Oct 5 (IANS/WAM) The price of the OPEC basket of twelve crudes stood at $44.00 a barrel on Friday, compared to $44.66 on Thursday, the organisation's secretariat said.

The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Murban (UAE), Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Islamic Republic of 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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