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OPEC oil price climbs to 40.50 dollars

Oil&Gas Materials 26 February 2009 15:11 (UTC +04:00)

The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose to 40.50 dollars Wednesday, the Vienna-based organization announced Thursday.

One barrel (159 litres) of OPEC-produced crude oil gained 1.55 dollars Wednesday.

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

dpa.

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