OPEC up by USD 2.93 pb to settle at USD 122.94 pb

VIENNA, June 1 (KUNA) -- The price of the OPEC crudes rose up by USD 2.93 to settle at USD 122.94 per barrel on Tuesday as opposed to USD 120.01 pb last Monday, said the international oil cartel on Wednesday.
According to the OPEC bulletin, the average oil price of the cartel basket in 2021 was at USD 69.89 per barrel.
The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela). (end) amq.aa