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OPEC oil price creeps up to 39.53 dollars

Oil&Gas Materials 24 February 2009 14:19 (UTC +04:00)

The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) moved up slightly to 39.53 dollars Monday, the Vienna-based organization announced Tuesday, dpa reported.

One barrel (159 litres) of OPEC-produced crude oil gained 0.36 dollars Monday, climbing for the third day in a row.

OPEC calculates a basket price based on 12 brands produced by its members.

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