OPEC crude price rises towards 60-dollar mark
By Vasilije Gallak on Oct 31, 2008 in Belgium, Featured
Vienna – The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose further on Thursday, to 59.92 dollars, the oil cartel said Friday.
One barrel (159 litres) of OPEC crude cost 1.79 dollars more on Thursday than at the middle of the week, when it stood at 58.13 dollars.
OPEC calculates an average basket price based on 13 important brands produced by its members. (dpa)