OPEC daily basket price stood at $82.37 a barrel Monday, 27 October 2014
The price of OPEC basket of twelve crudes stood at 82.37 dollars a barrel on Monday, compared with $82.48 the previous Friday, according to OPEC Secretariat calculations
The Organization of Petroleum Exporting Countries (OPEC) said in its October report the global economy should grow by 0.6 percent next year to 3.6 percent.
Goldman cuts its forecast for WTI to $75 and Brent at $80 for the first quarter of next year. Long-term, the bank said WTI would reach $80 and Brent $90 by 2016.