Oil and Gas
OPEC daily basket price closes at $121.54 per barrel
Barrel of crude oil
This is compared with $120.16 per barrel recorded on Tuesday.
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at $121.54 per barrel as of Wednesday.
This is compared with $120.16 per barrel recorded on Tuesday.
This is according to OPEC Secretariat calculations obtained in Abuja on Thursday.
The OPEC Reference Basket of Crudes (ORB) is made up of the Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Bonny Light (Nigeria) and Zafiro (Equatorial Guinea).
Others are Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).
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