OPEC daily basket price stands at USD 70.61 a barrel

Media IN/ Abu-dhabi/ VIENNA, 6th May, 2019

The OPEC daily basket price declined 37 cents to stand at 70.61 per barrel, compared with USD 70.98 per barrel according to OPEC Secretariat calculations.

The fourteen crudes, from separate OPEC member countries, includes a mix of blends and light and heavy crudes, including the UAE’s Murban.

The annual average price of the OPEC basket price hit USD 52.43 per barrel, the organisation said in a statement.