OPEC daily basket price now $86.54 per barrel

The price of the Organisation of Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at $86.54 per barrel as at Monday, January 17.
This is compared with $85.46 per barrel of the previous Friday, according to OPEC Secretariat calculations on Tuesday.
The OPEC Reference Basket of Crudes (ORB), introduced on June 16, 2005, is currently made up of the Saharan Blend (Algeria), Girassol (Angola), Bonny Light (Nigeria), Djeno (Congo) and Zafiro (Equatorial Guinea).
Others include 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).