OPEC oil price rises above $44

March 11th, 2009 - 7:49 am ICT by IANS  

Vienna, March 11 (DPA) The price for oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) crossed the $44 mark Monday, the Vienna-based cartel announced Tuesday.
One barrel (159 litres) of OPEC-produced crude stood at $44.14 at the start of the week, $0.99 higher than last Friday.

OPEC calculates a basket price based on 12 brands produced by its members.

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