VIENNA – The basket of crude oil used as a benchmark indicator by the Organization of Petroleum Exporting Countries dropped to $56.07, the OPEC Secretariat said on Thursday.
OPEC said the price of its basket went down by $0.06 on Wednesday compared with the closing price at the previous session.
This slight reduction breaks a series of 11 consecutive rises, which have raised the price to their highest since July 2015.
The average OPEC black gold in September is $53.23, up 7.3 percent from last month.
The November delivery of Brent crude opened at $57.76 per barrel at the start of Thursday’s trading on the futures market, a 0.05 percent increase since the previous session’s close.