The price of the OPEC basket of twelve crudes stood at US$102.24 a barrel on Wednesday, compared with US$100.63 the previous day, according to OPEC Secretariat's Statistics. 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 (Venezuela), UAE news agency "WAM" cited the Statistics as disclosing.