OPEC daily basket price stood at USD 58.65 a barrel on Friday compared to USD 60.50 the previous day, the cartel said here on Monday.
The annual rate of the OPEC crude basket hit USD 105.85 a barrel, 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 (Venez).
During their recent meeting, OPEC oil ministers decided to maintain the cartel's production level at 30 million barrels per day.