OPEC basket up 40 cents to USD 48.51 pb

VIENNA, July 27 (KUNA) -- OPEC daily basket price was up 40 cents to stand at USD 48.51 per barrel (pb) Wednesday, compared with USD 47.11 pb last Tuesday, said the international organization Thursday.
The basket's annual price for 2016 was at USD 40.76 pb, it added.
OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine.(Qatar), Arab Light (Saudi Arabia), Murban (UAE), Merey (Venezuela), Girassol (Angola), and Oriente (Ecuador). (end) amg.hb