OPEC basket up 63 cents to USD 51.50 pb

VIENNA, May 23 (KUNA) -- The OPEC daily basket price stood at USD 51.50 a barrel on Thursday, marking a rise of 63 cents compared to USD 50.87 last Friday, the organization said Tuesday.
The monthly average of the OPEC basket for last April hit USD 51.34 pb and USD 50.32 pb in March.
OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Iran Heavy (Islamic Republic of 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) hb