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Definition of 'OPEC Basket'
A weighted average of oil prices collected from various oil producing countries. This average is determined according to the production and exports of each country and is used as a reference point by OPEC to monitor worldwide oil market conditions.
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Investopedia explains 'OPEC Basket'
As of June 15, 2005 the basket was changed to represent the oil produced by OPEC members. The OPEC basket includes, Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Bonny Light (Nigeria) and Arab Light (Saudi Arabia), among others.
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Search results for 'OPEC Basket'
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http://www.investopedia.com/articles/economics/08/crude-and-gas-prices.asp
... Another heavily used benchmark is the OPEC basket, which combines the prices of
several other popular types of oil from around the world into a "price basket". ...
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http://www.investopedia.com/articles/economics/09/organization-petroleum-exporting-countries-opec.asp
... Motivations OPEC was formed to manage and stabilize the economic and geopolitical ...
a single commodity - in other words, all eggs in one basket - their citizens ...
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http://stocks.investopedia.com/stock-analysis/2007/The_Forgotten_Asia_EWS_EWM.aspx
... Interestingly, Indonesia is the only member of OPEC from Southeast Asia and its
major ... IF) is a closed-end fund that offers investors a basket of Indonesian ...
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http://www.investopedia.com/articles/financial-theory/11/walt-disney-entertainment-to-empire.asp
... Mickey Mouse came from; theories range from a wastepaper basket in Kansas ... (For
additional reading, check out: Wall Street History: Antitrust, OPEC And Disney.). ...
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http://www.investopedia.com/university/commodities/commodities6.asp
... as the euro are gaining, OPEC is considering switching crude oil from a US dollar
quotation system to either the euro or to a basket of multiple currencies. ...
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