OPEC oil price inches towards $44 mark

March 6th, 2009 - 4:28 pm ICT by IANS  

Vienna, March 6 (DPA) The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) gained slightly Thursday but stopped short of crossing the 44-dollar mark, according to data released by OPEC Friday.
One barrel (159 litres) of OPEC-produced crude stood at $43.87 Thursday, $0.08 higher than on the previous day.

The Vienna-based oil cartel calculates a basket price based on 12 brands produced by its members.

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