OPEC crudes basket down 35 cents to USD 72.29 pb

(MENAFN - Kuwait News Agency (KUNA)) VIENNA, June 29 (KUNA) -- The OPEC basket of crudes went down 35 cents during trading sessions to close at USD 73.84 per barrel (pb) on Monday, compared with USD 74.19 on last Friday, said the organization on Tuesday.The annual price of the OPEC basket in 2020 was at USD 41.47 pb.OPEC+ members assured at the conclusion of meeting earlier this month, commitment to a stable market that serves the interests of producers and consumers alike.The meeting of OPEC+ noted the continued improvement of the market as oil demand showed clear signs of improvement, as well as the economy recovery continued in most parts of the world with the acceleration of vaccination programs against COVID-19.In its latest forecast, OPEC expected demand for its crude to be at 27.7 million barrels per day (bpd) this year with the raise of five million bpd in comparison of 2020. (end) amq.gaa MENAFN29062021000071011013ID1102362236