1. Raw materials

OPEC Reference Basket (ORB) US Dollars per Barrel

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OPEC basket price on October31th 2005

The average oil price for OPEC crude oils in October was $54.35 per barrel while the price was $58.05 per barrel in September of 2005. Over last twelve months the price has raisen 20.56%.

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
83.43-1.02%12.05%6.36%05/13/2024
OPEC Basket Price ORB: Daily
DatePrice $
2005-10-31$52.99
2005-10-28$53.73
2005-10-27$53.79
2005-10-26$54.41
2005-10-25$53.29
2005-10-24$52.63
2005-10-21$52.47
2005-10-20$52.85
2005-10-19$53.64
2005-10-18$54.41
2005-10-17$55.24
2005-10-14$54.34
2005-10-13$55.23
2005-10-12$55.37
2005-10-11$54.47
2005-10-10$53.97
2005-10-07$53.72
2005-10-06$54.27
2005-10-05$55.86
2005-10-04$56.48
2005-10-03$58.11
2005-09-30$58.02
2005-09-29$58.17
< 2005-09 2005-11 >
OPEC Basket Price ORB 2005
DatePrice $Price €
October 2005$54.35€45.24
September 2005$58.05€47.36
August 2005$57.82€47.04
July 2005$53.18€44.18
June 2005$51.69€42.49
May 2005$46.65€36.75
April 2005$49.51€38.27
March 2005$49.49€37.49
February 2005$42.20€32.43
January 2005$40.52€30.89
December 2004$35.85€26.74
November 2004$38.59€29.71
< 2004 2006 >
OPEC Basket Price ORB evolution 2005