Business News
OPEC oil price back above 69 dollars
Jun 29, 2009, 8:20 GMT
Vienna - The price of oil produced by the Organization of the Petroleum Exporting Countries (OPEC) climbed to 69.29 dollars at the end of last week, the Vienna-based group announced Monday.
The basket price for one barrel (159 litres) of OPEC-produced crude rose by another 0.75 dollars last Friday.
The cartel's 12 member countries produce over a third of the world's oil supply.
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