announced that OPEC on Saturday that the price of the OPEC basket daily record of $ 71 per barrel, while Brent crude closed lower for the record of $ 73.36. 

"The price of the OPEC basket of fourteen barrels of crude oil was 71.61 dollars per barrel," it said in a statement read by Al-Sumerian News. 

"The price fell from the previous day of $ 72.10, according to the calculations of the OPEC secretariat."

On the other hand, Brent crude closed at $ 73.36 a barrel, down 9 cents, or 0.12 percent. 

OPEC agreed with Russia and other oil producers in June to increase production starting in July, where Saudi Arabia pledged a "substantial" increase in supply. 

The cartel of the Organization of the Petroleum Exporting Countries (OPEC) consists of: Algeria, (Kuwait), Kuwait (Kuwait), S Sider (Libya), Bonnie Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Morban (United Arab Emirates) and Miri (Venezuela).