OPEC Daily Basket Price Stands At 45.17 USD Per Barrel

Sumaira FH Published August 07, 2020 | 04:02 PM

OPEC daily basket price stands at 45.17 USD per barrel

The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 45.17 U.S. dollars a barrel on Thursday, compared with 45.34 dollars per barrel on Wednesday, according to OPEC Secretariat calculations released Friday

VIENNA, (UrduPoint / Pakistan Point News - 7th Aug, 2020 ) :The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 45.17 U.S. Dollars a barrel on Thursday, compared with 45.34 dollars per barrel on Wednesday, according to OPEC Secretariat calculations released Friday.

Also known as the OPEC reference basket of crude oil, the OPEC basket, a weighted average of oil prices from different OPEC members around the world, is used as an important benchmark for crude oil prices.

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