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OPEC oil price rises above $70

Fri, 06/19/2009 - 15:47 by preet_20

Vienna, June 19: The oil price of the Organisation of the Petroleum Exporting Countries (OPEC) rose above $70 again Thursday, the Vienna-based group said Friday.

The basket price for one barrel (159 litres) of OPEC-produced crude climbed to $70.28, $0.91 higher than on the previous day.

The cartel's 12 member countries produce over a third of global crude oil supplies.

-IANS

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