OPEC crude price gains ground

June 3rd, 2008 - 5:20 pm ICT by IANS  

Vienna, June 3 (DPA) The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) has risen, after dropping $4.89 over the course of last week, OPEC said Tuesday. One barrel (159 litres) of OPEC-produced crude stood at $122.10 Monday, compared with $121.68 the previous Friday.

OPEC calculates an average basket price based on 13 important brands produced by cartel members.

Tags: , , , , , , , , ,

Posted in World |