VIENNA: The basket of crude oil used as a benchmark indicator by the Organization of Petroleum Exporting Countries, or OPEC, dropped to $62.14 a barrel, the OPEC Secretariat announced.
OPEC said the price of its basket, which includes 12 varieties of crude, decreased by $0.27 on Thursday compared with the closing price at the previous session.
This is first fall after three consecutive rises for the price of the black gold.
July delivery of Brent crude opened at $64.77 a barrel at the start of Friday’s trading on the futures market, a decline of 0.52 percent from the previous session’s close.
