OPEC crude continues record-breaking climb

July 3rd, 2008 - 5:23 pm ICT by IANS  

Vienna, July 3 (DPA) The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) climbed to a new high above $137 Wednesday, a statement by OPEC said Thursday. One barrel, or 159 litres, of OPEC-produced crude stood at $137.73 Wednesday, up 0.79 dollars from $136.94 on the previous day.

OPEC calculates an average basket price based on 13 important brands produced by cartel members.

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