Home Economy OPEC crude price close to $107

OPEC crude price close to $107

By DPA,

Vienna : The price for crude produced by the Organization of the Petroleum Exporting Countries (OPEC) rose again to close to $107 by the end of the week, OPEC said Monday.

One barrel (159 litres) from OPEC’s 13-brand reference basket stood at $106.99 Friday, up $1 from the previous day.

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