OPEC crude price gains ground

By DPA,

Vienna : The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) has risen, after dropping $4.89 over the course of last week, OPEC said Tuesday.


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One barrel (159 litres) of OPEC-produced crude stood at $122.10 Monday, compared with $121.68 the previous Friday.

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

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