OPEC Basket Price Stood at $72.61

Vienna, The price of OPEC basket of fourteen crudes has stood at $72.61 a barrel yesterday, 16th May, compared to $71.26 the previous day, according to OPEC Secretariat calculations, the Emirates official news agency WAM reported.

The basket is made up of separate OPEC member states' mix of light and heavy crudes.

Source: Saudi Press Agency