OPEC expects basket price to fall for third straight week
The price of OPEC’s basket of twelve crudes stood at $60.73 per barrel today, down $1.30 from just a week ago when the basket sold for $62.03, according to information released by OPEC. OPEC’s crude oil basket has been trending downward since the beginning of the month when it reached highs of $64.96 on May 6.

Information from OPEC shows the basket price for the week ended May 29, $60.96, meaning this week will mark the third straight week of declining prices for its basket, which in...

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