OPEC Basket Price Drops

OPEC Basket Price Drops

The Organization of Petroleum Exporting Countries pegged its reference basket of 13 crude oils at $96.15 a barrel Monday. That is down 26 cents from Friday and $5.26 below the daily basket price a week ago.

The OPEC basket does not set prices in the market, but provides a snapshot of how OPEC values its output.

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