OPEC crude basket drops 38 cents to USD 52.22 pb

VIENNA, Jan 19 (KUNA) -- OPEC's daily basket price dropped 38 cents on Wednesday to settle at USD 52.22 per barrel, compared to USD 52.60 last Tuesday.
OPEC's bulletin said that the annual rate of its basket price for 2016 was USD 40.76 pb.
The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), 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), Merey (Venezual), Girassol (Angola), Oriente (Ecuador), and Minas (Indonesia). (end) amq.lb