By DPA,
Vienna : The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose to $130.52 Friday, OPEC said in a statement Monday.
One barrel (159 litres) of OPEC-produced crudes stood $0.75 higher Friday, compared with $129.77 the previous day.
In the past week, the price for OPEC crude hovered slightly below the record price of $130.87 set June 9.
OPEC calculates an average basket price based on 13 important brands produced by cartel members.