OPEC crude price near record level

June 17th, 2008 - 7:28 am ICT by IANS  

Vienna, June 16 (DPA) The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose to $130.52 Friday, OPEC said in a statement Monday. One barrel (159 litres) of OPEC-produced crudes stood $0.75 higher Friday, compared with $129.77 the previous day.

In the past week, the price for OPEC crude hovered slightly below the record price of $130.87 set June 9.

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

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