OPEC daily basket price stands at 23.48 USD per barrel

MG News | April 07, 2020 at 02:32 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

Apr 07, 2020: The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 23.48 U.S. dollars a barrel on Monday, compared with 23.01 dollars on Friday, according to OPEC Secretariat calculations released Tuesday.

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

It currently averages the oil prices of 13 countries, namely Algeria, Angola, the Republic of the Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates and Venezuela.

XINHUA/APP

Related News

Name	Price/Vol	%Chg/NChg
KSE100	169,043.20 125.46M	0.61% 1021.40
ALLSHR	102,244.62 384.35M	0.68% 687.69
KSE30	50,297.78 69.63M	0.61% 306.30
KMI30	240,616.56 58.52M	0.70% 1662.76
KMIALLSHR	66,324.04 212.30M	0.75% 491.93
BKTi	46,865.56 26.40M	0.56% 262.97
OGTi	34,899.40 10.33M	1.73% 593.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,670.00	77,195.00 75,655.00	585.00 0.77%
BRENT CRUDE	102.56	106.02 101.53	-3.27 -3.09%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	4.75 3.79%
ROTTERDAM COAL MONTHLY	138.50	0.00 0.00	-0.55 -0.40%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	100.37	102.47 99.10	-2.06 -2.01%
SUGAR #11 WORLD	18.67	18.96 18.48	-0.22 -1.16%