OPEC crude price jumps

June 9th, 2008 - 5:27 pm ICT by IANS  

Vienna, June 9 (DPA) The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) jumped more than $7 at the end of last week, OPEC said Monday. One barrel of OPEC-produced crudes stood at $126.11 a barrel Friday, compared with $118.77 the previous day.

On the New York stock exchange, oil prices surpassed the $139 per barrel mark Friday.

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

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