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Commodities Briefing - Categorized | Oil, Price Watch more

OPEC’s crude basket sets longest stretch above $100 a barrel

Posted on 20 March 2013

The average price of benchmark OPEC crudes held above $100 a barrel for a 173rd trading day, the gauge’s longest-ever stretch at this level.
The so-called OPEC basket, a weighted average of the main grades produced by the Organization of Petroleum Exporting Countries, was at $106.36 a barrel yesterday. Its spell at higher than $100 since July 17 surpasses a previous 168-day record set from Feb. 21, 2011, to Sept. 30 that year………………………………………..Full Article: Source


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