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OPEC price up to $116.27
KUNA Published in The Saudi Gazette on 11 - 02 - 2012

The OPEC daily basket price rose by $1.09 to $116.27 a barrel Thursday, said the organization's bulletin Friday.
OPEC's annual average price last year stood at $107.46.
The new OPEC Reference Basket of crudes (ORB) is made up of Kuwait Export (Kuwait), Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).
OPEC is leaning toward the $100-mark, which it views as favorable for both producer and consumer.

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