OPEC basket rises above 100/b for first time

摘要

Dubai—OPEC’s basket of 13 crudes rose to 100.57/barrel March 11, OPEC said in a statement March 12, up from 99.48/b. This is the first time that the OPEC basket, which reflects the heavy crudes of the type produced by the majority of the group’s 13 members, has risen above 100/b, as the reference price used by the producers’ club catches up with records set on the London and New York futures markets, which trade light, sweet crudes Brent and WTI, respectively.