OPEC crude price continues record climbMay 8th, 2008 - 7:33 pm ICT by admin
Vienna, May 8 (DPA) The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) continued its record-breaking climb, the Vienna-based OPEC secretariat said Thursday. One barrel (159 litres) of OPEC crudes stood at $116.03 Wednesday, a new all-time high. The price rose by $1.28 compared with the previous day.
According to OPEC analysts JBC in Vienna, crude supply concerns should have lifted to some extent, as ExxonMobil returned to its normal production levels of around 800,000 barrels per day in Nigeria after a strike.
OPEC calculates an average basket price based on 13 important brands produced by cartel members.
- OPEC daily basket price hits $97.34 per barrel - Jun 13, 2012
- OPEC crude rises to $41.31 per barrel - Jan 15, 2009
- OPEC oil price rises above $70 - Jun 19, 2009
- OPEC oil price remains below $70 - Jun 17, 2009
- OPEC crude price slides below $42 - Mar 04, 2009
- OPEC oil price inches above $42 - Feb 02, 2009
- OPEC oil price inches towards $44 mark - Mar 06, 2009
- OPEC oil price rises above $44 - Mar 11, 2009
- OPEC oil price jumps to $50 a barrel - Apr 03, 2009
- OPEC oil price sheds nearly $1 - Apr 08, 2009
- OPEC oil price jumps by more than $4 - Jan 05, 2009
- OPEC oil price stays above $51 - Apr 16, 2009
- OPEC oil price sheds $1.64 - Jan 20, 2009
- OPEC oil price falls slightly to $43.15 - Mar 09, 2009
- OPEC oil price rises above $65 - Jul 22, 2009
Tags: cartel, crude oil, crude price, crude supply, extent, exxonmobil, nigeria, opec, organization of the petroleum exporting countries, petroleum exporting countries, secretariat, supply concerns, vienna