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OPEC oil price creeps upwards, fails to rise above 40 dollars
Saudi Press Agency Published in Saudi Press Agency on 22 - 01 - 2009


The price for oil produced by the Organization of
the Petroleum Exporting Countries (OPEC) rose by 20 cents Wednesday,
too little to break the 40-dollar mark, according to figures released
by OPEC Thursday, reported dpa.
One barrel (159 litres) of OPEC-produced crude stood at 39.54
dollars Wednesday, compared with 39.34 dollars on the previous day.
OPEC calculates a basket price of 12 brands produced by members of
the Vienna-based cartel.

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