Markets > Commodities

OPEC daily basket price stands at 28.45 USD per barrel

Xinhua News,VIENNA
2020-05-29 16:14

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VIENNA, May 29 (Xinhua) -- The Organization of the Petroleum Exporting Countries' (OPEC) daily basket price stood at 28.45 U.S. dollars a barrel on Thursday, compared with 29.03 dollars on Wednesday, according to OPEC Secretariat calculations released on 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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