OPEC crude price close to $107

May 5th, 2008 - 4:28 pm ICT by admin  

Vienna, May 5 (DPA) The price for crude produced by the Organization of the Petroleum Exporting Countries (OPEC) rose again to close to $107 by the end of the week, OPEC said Monday. One barrel (159 litres) from OPEC’s 13-brand reference basket stood at $106.99 Friday, up $1 from the previous day.

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

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