The price of OPEC basket of eleven crudes rose to 58.85 dollars a barrel on Tuesday from 58.67 dollars a barrel the previous day, according to according to OPEC Secretariat calculations.

The OPEC basket consists of 11 types of crude oil.

The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Minas (Indonesia), 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 BCF 17 (Venezuela).

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