LOC15:57
12:57 GMT
VIENNA, Oct 24 (KUNA) -- The price of the OPEC crude basket went up by 37 cents to USD 55.78 per barrel Monday as opposed to USD 55.41 pb last Friday, said the international organization Tuesday.
OPEC said the average annual rate of the basket, in 2016, stood at USD 40.76 pb.
OPEC's Reference Basket of Crudes (ORB) is made up of Kuwait Export (Kuwait), Saharan Blend (Algeria), Iran Heavy (Iran), Basra Light (Iraq), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE), Merey (Venezuela), Girassol (Angola), and Oriente (Ecuador). (end)
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