OPEC daily basket price increases to 36.83 USD per barrel

Source: Xinhua | 2020-06-09

The Organization of the Petroleum Exporting Countries (OPEC) daily basket price increased to 36.83 U.S. dollars a barrel on Friday, compared with 34.84 dollars on Thursday, according to OPEC Secretariat calculations released on Monday.

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.