By DPA
Vienna : Prices for crude oil produced by member states of the Organisation of Petroleum Exporting Countries (OPEC) rose to an all time high of $73.23 towards the end of the week, soaring past Monday's record figure.
According to the OPEC secretariat in Vienna, the price for one barrel of OPEC-produced oil rose for the first time above $73 Thursday since the oil cartel's foundation in 1960.
Thursday's price is 40 cents higher than the previous high of $72.83 Monday, and 55 cents over the record high of $72.68 on Aug 8 last year.
Vienna-based analysts believe production problems in Angola and a fire in a plant in Saudi Arabia are responsible for the latest price hike.
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