Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) continued its record-breaking climb towards the end of the week, OPEC said on Friday.

One barrel (159 litres) of crudes from OPEC's reference basket stood at 116.93 dollars on Thursday, up 90 cents from the previous day.

On Thursday, OPEC Secretary General Abdalla Salam el-Badri said current high prices were not connected to market fundamentals, as markets remained well supplied.

Vienna  - Global oil markets were well supplied, the Organization of the Petroleum Exporting Countries (

Vienna  - Crystal-maker Swarovski on Thursday announced plans to cut 280 jobs at its headquarters in Wattens, western Austria, owing to an increasingly difficult market environment.

Vienna - Raiffeisen International, an Austrian operator of banks in Europe's new market economies, boosted first-quarter net profit by 32 per cent on strong growth in the former Soviet Union, the c

Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) continued its record-breaking climb, the Vienna-based OPEC secretariat said on Thursday.

One barrel (159 litres) of OPEC crudes stood at 116.03 dollars on Wednesday, a new all-time high. The price rose by 1.28 dollars compared with the previous day.

According to OPEC analysts JBC in Vienna, crude supply concerns should have lifted to some extent, as ExxonMobil returned to its normal production levels of around 800,000 barrels per day in Nigeria after a strike.

Vienna  -  Former BAWAG bank chief Ewald Nowotny will become new head of the country's central bank, Chancellor Alfred Gusenbauer confirmed after a cabinet meeting on Wednesday.