OPEC daily basket price announced for Friday

Opec has a comfortable spare capacity and supplies are flowing, says Badri (AP)

The price of OPEC basket of fourteen crudes stood at US$63.55 a barrel on Friday, 5th July, compared with $63.43 the previous day, according to OPEC Secretariat calculations.

The fourteen crudes, from separate OPEC member countries, include a mix of blends and light and heavy crudes, including the UAE’s Murban.

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