OPEC basket stable at USD 59.90 pb

VIENNA, Nov 20 (KUNA) -- OPEC daily basket price dropped eight cents to stand at USD 59.90 per barrel (pb) on Monday, compared with USD 50.98 pb last Thursday, said the international organization.
The average monthly rate of the basket price was USD 55.50 pb in October, while it was USD 53,44 last September, which indicates that the basket price since the beginning of this year till last week reached USD 60,50 OPEC bulletin added today.
The annual rate of the OPEC basket price for last year was 40.76 per USD barrel.
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) tb.lb