OPEC oil prices hit $ 71 and Brent closing lower

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OPEC announced that the daily OPEC basket price was $ 71 per barrel, while Brent crude closed down to $ 73.36.
“The price of the OPEC basket of 14 barrels of crude oil was 71.61 dollars per barrel,” it said.
“The price fell from the previous day of $ 72.10, according to the OPEC Secretariat. Second, Brent crude closed at $ 73.36 a barrel, down 9 cents, or 0.12 percent.
OPEC agreed with Russia and other oil producers in June to increase production starting in July, where Saudi Arabia pledged a “substantial” increase in supply.
The cartel of the Organization of Petroleum Exporting Countries (OPEC) consists of the following:
(Iraq), Kuwait (Kuwait), Sieddar (Libya), Iraq (Kuwait), Iran (Islamic Republic of), Iran (Islamic Republic of) Bonnie Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Morgan (United Arab Emirates) and Miri (Venezuela).

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