OPEC basket price down 15 cents to $106.55 per barrel

OPEC daily basket price dropped by 15 cents to USD 106.55 per barrel on Tuesday compared with USD 106.70 the previous day, the cartel said here on Wednesday. The annual rate of the OPEC basket price hit USD 105.85 last year, it said in a statement. The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), 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 Merey (Venez).