Markets > Commodities

OPEC daily basket price increases to 42.66 USD per barrel

Xinhua News,VIENNA
2020-07-02 16:36

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VIENNA, July 2 (Xinhua) -- The Organization of the Petroleum Exporting Countries (OPEC) daily basket price increased to 42.66 U.S. dollars a barrel on Wednesday, compared with 38.22 dollars on Tuesday, according to OPEC Secretariat calculations released Thursday.

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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