OPEC daily basket price dropped by 65 cents on Thursday settling at 95.19 per barrel, the cartel bulletin said on Friday.
The price of the 12-crude OPEC basket stood at USD 95.84 pb on Wednesday.
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).
OPEC, at a ministerial meeting held in June, decided to maintain the output ceiling at 30 million barrels pd.