OPEC crude price hovers at high level
The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) continued to hover slightly below the 130-dollar mark, figures released by OPEC on Friday showed.
One barrel (159 litres) of OPEC-produced crude stood at 129.77 dollars Thursday, up 0.88 dollars from 128.89 dollars the previous day, reported dpa.
On Monday, the price of OPEC stood at a record-setting 130.87 dollars.
OPEC calculates an average basket price based on 13 important brands produced by cartel members.