Below is a glossary of terms that are used in the online trading industry. Select the first letter of the word you are seeking from the list above to jump to the appropriate section of the glossary.
A weighted average of oil prices collected from the Organization of Petroleum Exporting Countries (a group of 13 major oil producing countries). OPEC Basket’s average oil price is based on the production and exports of each country. The two other leading benchmarks are the Brent and West Texas Intermediate (WTI) Crude.