ISLAMABAD-VIENNA,The Organization of the Petroleum Exporting Countries (OPEC) daily basket price increased to 44.02 U.S. dollars a barrel on Monday, compared with 43.02 dollars on Friday, according to OPEC Secretariat calculations released Tuesday.
Also known as the OPEC reference basket of crude oil, the OPEC basket, a weighted average of oil prices from different OPEC members around the world, is used as an important benchmark for crude oil prices.(xinhua/app)