OPEC crude price jumps over $127

May 23rd, 2008 - 3:52 pm ICT by admin  

DPA
Vienna, May 23 (DPA) The price for crude oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) jumped by more than $3 to a record-breaking $127.59 per barrel, OPEC said Friday. One barrel (159 litres) of OPEC-produced crude stood at $127.59 Thursday up $3.14 from $124.46 the previous day.

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

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