OPEC crude price close to $120

May 13th, 2008 - 3:28 pm ICT by admin  

Vienna, May 13 (DPA) The price for crude oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) continued its record-breaking climb, OPEC said. One barrel (159 litres) of crude produced by OPEC’s reference basket stood at $119.71 Monday, compared to $119.13 Friday.

OPEC’s Vienna-based secretariat calculates an average basket price based on 13 important brands produced by member states.

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