OPEC oil climbs back above 70 dollars

OPEC oil climbs back above 70 dollars Vienna - The oil price of the Organization of the Petroleum Exporting Countries (OPEC) rose above 70 dollars again on Thursday, the Vienna-based group said Friday.

The basket price for one barrel (159 litres) of OPEC-produced crude climbed to 70.28 dollars, 0.91 dollars higher than on the previous day.

The cartel's 12 member countries produce over a third of global crude oil supplies. (dpa)