oil price average
this statistic illustrates the monthly average crude oil prices of the opec organization of petroleum exporting countries basket for the period between august 2014 and august 2015 the opec basket is a weighted average of prices for petroleum blends produced by opec countriesit is used as an important benchmark for crude oil prices in march 2015 the average price of the opec basket was at some 52 46 u s dollars per barrelthe opec basket oil price the opec crude oil price is defined by the price of the so called opec reference basketn march 2015 the average price of the opec basket was at some 52 46 u s dollars per barrel the opec basket oil price the opec crude oil price is defined by the price of the so called opec reference basket
in america the price of west texas intermediate crude oil has averaged about $ 95 per barrel that s expected to continue in 2014 overseas the global benchmark brent crude oil has traded much higher with an average of more than $ 110 per barrel the past three yearshat s down from the 2013 average of $ 108 41 and the more than $ 111 in the prior two years most analysts agree that brent crude oil prices will fall in 2014 the average analyst estimate is around $ 105 per barrel analysts see lower demand and higher supplies weighing down the price of brent crude oil in 2014