| The average price of benchmark OPEC crudes dropped below $90 a barrel for the first time in more than two years amid muted demand and ample supplies.
The so-called OPEC basket, a weighted average of the main grades produced by the Organization of Petroleum Exporting Countries, slipped to $89.37 a barrel yesterday, the group’s Vienna-based secretariat said by e-mail today. It’s the first time their reference price has dropped below $90 since June 25, 2012...............................................Full Article: Source
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