Thursday, April 12, 2007

OPEC Daily Basket Oil Price Stood at $63.36 a Barrel Wednesday, April 11, 2007

Vienna, Thursday, April 12, 2007 -- The price of OPEC basket of eleven crude oils stood at 63.36 dollars a barrel on Wednesday, compared with 62.66 dollars the previous day, 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 (OPEC)

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