OPEC basket down USD 5.87 cents to settle at USD 117.01 pb

VIENNA, June 2 (KUNA) -- The price of the OPEC crudes went down by USD 5.87 to settle at USD 117.07 per barrel on Wednesday as opposed to USD 122.94 pb last Tuesday, said the international oil cartel on Thursday.
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.nhq