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OPEC crude price gains ground at the start of the week

Mohit Joshi 3 June 2008

Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) has risen, after dropping 4,89 dollars over the course of last week, OPEC said on Tuesday.

One barrel (159 litres) of OPEC-produced crude stood at 122.10 dollars on Monday, compared with 121.68 dollars the previous Friday.

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

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