OPEC daily basket price stands at 37.09 USD per barrel

Last Modified Wednesday, 10 June 2020 (18:08 IST)
Vienna:The Organization of the Petroleum Exporting Countries' (OPEC) daily basket price stood at 37.09 U.S. dollars a barrel on Tuesday, compared with 38.89 dollars on Monday, according to Secretariat calculations released on Wednesday.
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.