OPEC crude price moves back up above 130 dollars
The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose above the 130 dollar mark again on Thursday, an OPEC statement said Friday.
One barrel (159 litres) of OPEC-produced crude stood at 130.77 dollars a barrel Thursday, up 0.90 dollars from 129.87 the previous day, reported dpa.
OPEC president Chakib Khelil said oil prices between 150 and 170 dollars a barrel during the summer were possible, according to an interview with television station France 24 on Thursday.
OPEC calculates an average basket price based on 13 important brands produced by cartel members.