(dpa) - The price for crude produced by the Organization of the Petroleum Exporting Countries (OPEC) reached a historic high Tuesday when it exceeded 100 dollars.
According to the OPEC Secretariat Wednesday, one barrel (159 litres) of OPEC-produced crude stood at 100.57 dollars on Tuesday, up over a dollar from the previous day when it stood at 99.48 dollars.
OPEC, which pumps about 40 per cent of the world's crude, calculates an average basket price of 12 important brands produced by member states.