OPEC daily basket price stands at 42.89 USD per barrel

Source: Xinhua| 2020-07-03 19:47:50|Editor: huaxia

VIENNA, July 3 (Xinhua) -- The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 42.89 U.S. dollars a barrel on Thursday, compared with 42.66 dollars 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. Enditem

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