Social News XYZ     

OPEC crude basket drops to $49.94

Posted By: Doraiah Vundavally August 7, 2017

OPEC crude basket drops to $49.94Vienna, Aug 7 (IANS) The basket of crude oil used as a benchmark indicator by the Organization of Petroleum Exporting Countries went down to $49.94, the OPEC Secretariat said on Monday.

The OPEC said the price of its basket decreased by 0.6 percent on Friday compared with the closing price at the previous session.

The October delivery of Brent crude opened at $52.24 per barrel at the start of Monday's trading on the futures market, a 0.21 percent decrease since the previous session's close.

 

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

Facebook Comments
OPEC crude basket drops to $49.94

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.