OPEC daily basket price hiked by 78 cents to USD 105.75 a barrel on Monday, compared with USD 104.97 on Friday, the cartel said here on Tuesday. The average annual rate of the OPEC basket price is estimated at USD 109.45 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 (Venezuela)