Feb 16, 2021: The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 62.60 U.S. dollars a barrel on Monday, compared with 60.77 dollars per barrel on Friday, according to OPEC Secretariat calculations released Tuesday.
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.
Xinhua/APP
Posted on: 2021-02-16T17:57:00+05:00
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