The average price of OPEC’s crude basket during May 2019 was $69.97 per barrel, a $0.81 decline compared to April 2019 price average of $70.78.
Here are the prices of various crude oil grades produced by OPEC member countries in April and May.
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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