Market

OPEC price down to USD 69.62 pb

VIENNA, The OPEC basket price went down USD 1.27 to USD 69.62 pb Tuesday after being at USD 70.89 pb the day before, said the international organization Wednesday.

OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

Source: Kuwait News Agency