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VIENNA, June 25 (Xinhua) -- The Organization of the Petroleum Exporting Countries (OPEC) daily basket price dropped to 38.17 U.S. dollars a barrel on Wednesday, compared with 39.85 dollars on Tuesday, according to OPEC Secretariat calculations released on Thursday.

Also known as the OPEC reference basket of crude oil, the OPEC basket, a weighted average of oil prices from different OPEC members around the world, is used as an important benchmark for crude oil prices. Enditem