OPEC crude price gains slightly on Monday

Business Materials 19 August 2008 15:18 (UTC +04:00)

The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose by 0.80 dollars on Monday, OPEC said in a statement on Tuesday.

One barrel (159 litres) of OPEC-produced crude stood at 108.68 dollars Monday, up from 107.88 dollars last Friday, dpa reported.

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