OPEC daily basket price closes higher

Vienna:The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $49.17 a barrel on Wednesday, compared to $48.76 on Tuesday, the organisation's secretariat said.

The OPEC Reference Basket of Crudes is made up of the following: Murban (UAE), Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia) and Merey (Venezuela). A barrel equals 159 litres.