The average price of OPEC’s crude basket during August 2020 was $45.19 per barrel, an increase of $1.77 month-on-month (MoM) from $43.42.
Here are the prices of various crude oil grades produced by OPEC member countries in July and August.
OPEC Basket Prices
Prices of various raw materials are determined by their quality compared to standard materials such as Brent, West Texas, and Dubai Crude.
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