OPEC daily oil basket price closes at $62.69 per barrel

Organization of Petroleum Exporting Countries, OPEC, price basket of fourteen crudes stood at $62.69 a barrel on Wednesday, a decrease from $63.95 the previous day.

OPEC’s Reference Basket of Crudes (ORB) is made up of the following markets: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), 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).

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