The OPEC's daily basket price stood at USD 53.14 a barrel on Tuesday, compared with USD 53.58 a barrel the previous day, the cartel news bulletin said here on Wednesday.
The average annual rate of the OPEC hit USD 105.85 pb in 2014, it said.
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).