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OPEC basket price February of 2020

Price of the OPEC basket falls in February

The average oil price for OPEC crude oils in February was 55.53$ per barrel while the price was 65.11$ per barrel in January of 2020. Over last twelve months the price has fallen 12.99%.

The OPEC Basket, is a weighted average of prices for petroleum blends produced by OPEC countries members. It is used as an important benchmark for crude oil prices.

OPEC stands for Organization of the Petroleum Exporting Countries, it coordinates the oil policies of its member countries, and consequently to have the influence on the international oil market.

These are the members of the OPEC: Algeria, Angola, Ecuador, Gabon, Iraq, Iran, Qatar, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates.

Related data:

LastCh.%Ann. ch.%YTD%Date
56.68-0.98%-14.16%-16.60%02/18/2020
OPEC Basket Price ORB: Daily
DatePrice $
2020-02-1856.68$
2020-02-1757.24$
2020-02-1456.73$
2020-02-1355.86$
2020-02-1255.54$
2020-02-1154.16$
2020-02-1054.17$
2020-02-0755.09$
2020-02-0655.72$
2020-02-0554.99$
2020-02-0454.66$
2020-02-0355.51$
2020-01-3158.94$
2020-01-3058.80$
2020-01-2961.04$
2020-01-2860.67$
2020-01-2761.98$
2020-01-2462.52$
2020-01-2363.26$
2020-01-2264.66$
2020-01-2165.26$
2020-01-2066.11$
2020-01-1765.58$
< 2020-01
OPEC Basket Price ORB 2020
DatePrice $Price €
February 202055.53$50.03€
January 202065.11$58.66€
December 201966.48$59.82€
November 201962.94$56.95€
October 201959.87$54.17€
September 201962.36$56.67€
August 201959.69$53.65€
July 201964.71$57.68€
June 201962.92$55.72€
May 201969.97$62.56€
April 201970.73$62.94€
March 201966.37$58.72€
< 2019
OPEC Basket Price ORB evolution 2020