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OPEC basket price on May28th 2020

The average oil price for OPEC crude oils in May was 24.97$ per barrel while the price was 17.64$ per barrel in April of 2020. Over last twelve months the price has fallen 64.31%.

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
28.45-2.00%-58.67%-58.14%05/28/2020
OPEC Basket Price ORB: Daily
DatePrice $
2020-05-2828.45$
2020-05-2729.03$
2020-05-2629.75$
2020-05-2228.06$
2020-05-2129.70$
2020-05-2028.68$
2020-05-1928.43$
2020-05-1828.21$
2020-05-1526.54$
2020-05-1424.93$
2020-05-1323.25$
2020-05-1222.83$
2020-05-1122.71$
2020-05-0822.21$
2020-05-0722.91$
2020-05-0622.40$
2020-05-0521.43$
2020-05-0418.36$
2020-05-0116.52$
2020-04-3018.05$
2020-04-2914.36$
2020-04-2812.41$
2020-04-2713.30$
< 2020-04
OPEC Basket Price ORB 2020
DatePrice $Price €
May 202024.97$22.99€
April 202017.64$16.24€
March 202033.91$30.65€
February 202055.49$50.88€
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€
< 2019
OPEC Basket Price ORB evolution 2020