OPEC daily basket price increases to 38.89 USD per barrel

VIENNA, June 9 (Xinhua) -- The Organization of the Petroleum Exporting Countries (OPEC) daily basket price increased to 38.89 U.S. dollars a barrel on Monday, compared with 36.83 dollars last Friday, according to OPEC Secretariat calculations released on Tuesday.


Cumberland Farms on Hope Street in Providence displays gas prices below $1.95 per gallon on May 3, 2020.(Photo:CFP)

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