The price of OPEC's basket of fourteen crudes stood at $55.59 a barrel on Tuesday, compared with $55.77 the previous day, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes is made up of the following: Murban (UAE), Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), and Merey (Venezuela).

The OPEC Secretariat will be closed tomorrow Thursday, 26th October, 2017, on the occasion of Austria's National Day.