1. Raw materials

OPEC Reference Basket (ORB) US Dollars per Barrel

Subscribe to our free email alert service

OPEC basket price on October31th 2017

The average oil price for OPEC crude oils in October was $55.36 per barrel while the price was $53.41 per barrel in September of 2017. Over last twelve months the price has raisen 15.67%.

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
84.23-3.37%7.23%7.38%05/02/2024
OPEC Basket Price ORB: Daily
DatePrice $
2017-10-31$58.53
2017-10-30$58.27
2017-10-27$57.55
2017-10-26$56.45
2017-10-25$56.33
2017-10-24$55.59
2017-10-23$55.77
2017-10-20$55.41
2017-10-19$55.52
2017-10-18$56.12
2017-10-17$55.83
2017-10-16$55.74
2017-10-13$55.12
2017-10-12$54.44
2017-10-11$54.54
2017-10-10$54.23
2017-10-09$53.70
2017-10-06$54.47
2017-10-05$54.62
2017-10-04$53.93
2017-10-03$54.28
2017-10-02$54.60
2017-09-29$55.20
< 2017-09 2017-11 >
OPEC Basket Price ORB 2017
DatePrice $Price €
October 2017$55.36€47.09
September 2017$53.41€44.83
August 2017$49.61€42.02
July 2017$46.93€40.77
June 2017$45.21€40.26
May 2017$49.17€44.47
April 2017$51.47€48.00
January 2017$52.35€49.32
December 2016$51.68€49.02
November 2016$43.22€40.02
October 2016$47.86€43.41
September 2016$42.89€38.25
< 2016 2018 >
OPEC Basket Price ORB evolution 2017