OPEC oil price rises above 57 dollars
Submitted by Mohit Joshi on Thu, 05/14/2009 - 16:45.
Vienna - The basket price of the Organization of the Petroleum Exporting Countries (OPEC) rose to 57.16 dollars Wednesday, breaking another record for 2009.
One barrel (158 litres) of OPEC-produced crude oil settled 0.40 dollars higher than on the previous day, the Vienna-based group announced Thursday.
The organization's 12 member countries produce over a third of the world's oil supply. (dpa)
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