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OPEC Oil Price closing in on $50 mark
Saudi Press Agency Published in Saudi Press Agency on 24 - 03 - 2009

The price for oil produced by the Organization of Petroleum Exporting Countries (OPEC) rose above $50 for one barrel (159 liters) of OPEC crude, the group announced Tuesday.
The price hit $50.18 for a barrel, the group was quoted as saying by DPA.
Last Friday, the price had been set at $48.77 per barrel.
OPEC calculates a basket price based on 12 brands
produced by its members.

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