OPEC oil price gains $0.60

February 3rd, 2009 - 6:55 pm ICT by IANS  

Vienna, Feb 3 (DPA) The price for oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) increased by another $0.60 Monday, the cartel announced Tuesday.Rising for the fourth day in a row, one barrel (159 litres) of OPEC-produced crude ended the day at $42.64 Monday.

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

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