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Oil basket OPEC is the weighted average price index of OPEC export brands, used as an indicator of the oil market state in the energy sector covering OPEC countries, serving as a base asset for analyzing global trends. In 2026-05 prices ranged from 104.82 USD/bbl. to 121.11 USD/bbl. with an average of 113.26 USD/bbl. The index reflects the general state of the cartel's oil market.