LOC15:13
12:13 GMT
VIENNA, Nov 8 (KUNA) -- The price of the OPEC crudes basket stood at USD 1.02 to USD 62.07 per barrel Tuesday as opposed to USD 61.05 pb last Monday, said the international organization Wednesday.
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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