OPEC oil price climbs to $40.50

February 26th, 2009 - 5:40 pm ICT by IANS  

Vienna, Feb 26 (DPA) The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose to $40.50 Wednesday, the Vienna-based organization announced Thursday.
One barrel (159 litres) of OPEC-produced crude oil gained $1.55 Wednesday.

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

Related Stories

    Posted in Uncategorized |