OPEC crude price rises again

June 12th, 2008 - 7:30 pm ICT by IANS  

Vienna, June 12 (DPA) The price for crude oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) has risen by $0.22, OPEC said in a statement Thursday. One barrel (159 litres) of OPEC-produced crude stood at $128.87 Wednesday, compared with $128.65 the previous day.

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

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