LOC14:35
11:35 GMT
The Organization of Petroleum Exporting Countries (OPEC)
VIENNA, Nov 29 (KUNA) -- The OPEC daily basket price lost 20 cents to stand at USD 61.31 a barrel on Tuesday, compared with USD 61.64 pb on last Monday, the OPEC said Wednesday.
The average annual rate of the basket, in 2016, hit USD 40.76 pb, it added.
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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