OPEC crude price jumps over 127 dollars

The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) jumped by more than 3 dollars to a record-breaking 127.59 dollars per barrel, OPEC said on Friday, reported dpa.

One barrel (159 litres) of OPEC-produced crude stood at 127.59 dollars on Thursday up 3.14 dollars from 124.46 dollars the previous day.

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