OPEC Reports Tuesday’s Crude Basket at $69.94 per Barrel
As of Tuesday, April 22, 2025, the price of the OPEC basket, which comprises twelve distinct crudes, reached $69.94 a barrel. This figure represents a slight increase from the previous day's price of $69.65, as calculated by the OPEC Secretariat.
This subtle shift in pricing might seem trivial at first glance, but it serves as a telling reflection of the intricate dance between supply and demand in the global oil market. Is it possible that such fluctuations are merely the calm before a more turbulent storm? The oil…