OPEC oil price climbs to new high for 2009
By Vasilije Gallak on May 13, 2009 in Austria, Business News, Featured
Vienna – The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) reached a high for 2009 of 56.76 dollars on Tuesday, the cartel announced Wednesday.
The basket price for one barrel (158 litres) of OPEC crude climbed 0.65 dollars on Tuesday.
The 12 member countries of the Vienna-based group produce over a third of the world’s crude oil supply. (dpa)