OPEC Daily Basket Price Closes at $44.85 per Barrel

The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $44.85 a barrel Wednesday, compared to $46.62 Tuesday, the OPEC Secretariat said.

The new OPEC reference basket comprises Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (United Arab Emirates) and Merey (Venezuela). A barrel equals 159 litres. (IANS)