OPEC oil price gains $0.60

By DPA, Gaea News Network
Monday, February 2, 2009

VIENNA - The price for oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) increased by another $0.60 Monday, the cartel announced Tuesday.

Rising for the fourth day in a row, one barrel (159 litres) of OPEC-produced crude ended the day at $42.64 Monday.

OPEC calculates its basket price based on 12 brands produced by its members.

Filed under: Europe

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