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OPEC oil price drops to USD 48.51 pb

VIENNA, Oct 21 (KUNA) -- Price of OPEC's basket of crudes dropped on Thursday by 55 cents settling at USD 48.51 per barrel against USD 49.06 pb on Wednesday, according to OPEC's bulleting on Friday.
Average annual rate of OPEC's crude of the past year stood at USD 49.49 per barrel.
The new OPEC Reference Basket of Crudes (ORB) is made up of the following: 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), Murban (UAE) and Merey (Venezuela).(end) amq.rk