Crude Oil Price Movements
In April, the OPEC Reference Basket (ORB) value declined by $5.02, or 6.8%, m-o-m, to average $68.98/b. The ICE Brent front-month contract declined by $5.01, or 7.0%, m-o-m, to average $66.46/b, and the NYMEX WTI front-month contract