OPEC basket price eased to $106.75 on Thursday

LONDON : OPEC's reference crude oil basket price slipped to $106.75 a barrel on Thursday, from Wednesday's $107.52, OPEC

Published December 30, 2011 Updated December 30, 2011 07:00am

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By Shoaib Ur Rehman

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The reference basket comprises 12 crudes: Algeria's Saharan Blend, Angola's Girassol, Iran Heavy, Iraq's Basra Light, Kuwait Export, Es Sider from Libya, Nigeria's Bonny Light, Qatar Marine, Saudi Arabia's Arab Light, Murban from the UAE, Venezuela's Merey and Oriente from Ecuador.

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