OPEC oil price jumps to $50 a barrel

April 3rd, 2009 - 3:13 pm ICT by IANS  

Vienna, April 3 (DPA) Jumping by nearly three dollars, the price for oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) ended the day at $50 a barrel Thursday, the cartel announced Friday.
The basket price for one barrel (about 159 litres) of OPEC crude rose by $2.82, from $47.18 on the previous day.

The Vienna-based group calculates an average price based on 12 brands produced by its members.

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