OPEC crude price stronger towards the end of the week

Business Materials 19 September 2008 14:40 (UTC +04:00)

The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rebounded for the second day in row on Thursday, data released by OPEC showed on Friday.

One barrel (159 litres) of OPEC crude stood at 89.39 dollars Thursday, 2.18 dollars higher than 87.21 dollars on the previous day, reported dpa.

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