The Organization of the Petroleum Exporting Countries (OPEC) daily basket price increased to 35.46 U.S. dollars a barrel on Wednesday, compared with 34.95 dollars on Tuesday, according to OPEC Secretariat calculations released on Thursday.
Also known as the OPEC reference basket of crude oil, the OPEC basket, a weighted average of oil prices from different OPEC members around the world, is used as an important benchmark for crude oil prices.
Editor:Cherie