OPEC Daily Basket Price Stood at $70.24 a Barrel Monday, August 6
By admin - Posted on August 7th, 2007
Vienna, Tuesday, 7 August 07 -- The price of OPEC basket of eleven crude oils stood at 70.24 dollars a barrel on Monday, compared with 72.01 dollars the previous Friday, according to OPEC Secretariat calculations.
The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Minas (Indonesia), 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) and BCF 17 (Venezuela).
Source: Organization of the Petroleum Exporting Countries
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