OPEC oil price remains below $70
By DPA, IANSWednesday, June 17, 2009
VIENNA - The basket price of the Organisation of the Petroleum Exporting Countries (OPEC) rose slightly Tuesday but stayed below the $70 mark, the cartel announced Wednesday.
One barrel (159 litres) of OPEC-produced crude oil settled at $69.68 Tuesday, inching upwards from $69.24 on the previous day.
The 12-member countries of the Vienna-based cartel produce some 34 percent of the world’s oil.
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