LOC12:26
09:26 GMT
VIENNA, Nov 7 (KUNA) -- The price of the OPEC crudes basket went up by USD 1.90 to USD 61.05 per barrel Monday as opposed to USD 59.15 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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