OPEC oil price up to $104.98

OPEC daily basket price rose at USD 104.98 a barrel Friday, compared with USD 104.37 the previous day, the cartel bulletin said on Monday.The monthly Average: January 2014 USD 104.71, February 2014 USD 105.38 Mth-to-Date Avg. March 2014 USD 105.74, it said.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).