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Yet another record price for OPEC crude

Mohit Joshi 2 July 2008

OPECVienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) set yet another record slightly below 137 dollars on Tuesday, data released by OPEC on Wednesday showed.

One barrel (159 litres) of OPEC-produced crude stood at 136.94 dollars Tuesday, 0.91 dollars higher than 136.03 dollars on the previous day.

Since June 2, when OPEC crude cost 122.10 dollars per barrel, the price has increased by 14.84 dollars.

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

Business News: 
World Business
Regions: 
Vienna

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