Opec crude price rises towards $60

October 31st, 2008 - 4:57 pm ICT by IANS  

Vienna, Oct 31 (DPA) The price for crude oil produced by the Organisation of the Petroleum Exporting Countries (Opec) rose further Thursday, to $59.92, the oil cartel said Friday.One barrel (159 litres) of Opec crude cost $1.79 more Thursday than at the middle of the week, when it stood at $58.13.

Opec calculates an average basket price based on 13 important brands produced by its members.

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