OPEC daily basket price stood at $48.27 Friday

ALGIERS, May 15 (AE&B)-- The price of OPEC basket of thirteen crudes stood at $48.27 a barrel on Friday, compared with $48.37 the previous day, according to OPEC Secretariat calculations.

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Oil stable amid expectation that Opec cut will be extended

ALGIERS, May 12 (AE&B)-- Oil prices were stable on Friday as traders expected Opec-led production cuts to extend beyond the middle of this year, and as US crude inventories fell to their lowest levels since February,Reuters reports.  

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OPEC daily basket price stood at $48.37 Thursday

ALGIERS, May 12 (AE&B)-- The price of OPEC basket of thirteen crudes stood at $48.37 a barrel on Thursday, compared with $47.31 the previous day, according to OPEC Secretariat calculations. 

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