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World


OPEC daily basket price increases to 44.12 USD per barrel

Vienna, Jul 16 (Xinhua) The Organization of the Petroleum Exporting Countries (OPEC) daily basket price increased to 44.12 U.S. dollars a barrel on Wednesday, compared with 43.02 dollars on Tuesday, according to OPEC Secretariat calculations released Thursday.
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.
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