The price of OPEC basket of twelve crudes stood at 104.35 dollars a barrel on Monday, compared with $104.25 the previous Friday, according to OPEC Secretariat calculations.
The figure marked a small climb from the $103.77 at the beginning of the month, which followed the drop from $105.43/bbl at at the end of April.
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).
