OPEC “basket” price passes 90-dollar mark

VIENNA, Nov 8, 2007 (AFP) – OPEC’s basket price of crude oil, based on production in 12 different countries has passed the 90-dollar mark for the first time, the cartel said Thursday.
The daily basket price rose to 90.71 dollars on Wednesday from 89.13 dollars the previous day, OPEC said in a statement.
The basket price, which is always published with a 24-hour delay and serves as the reference price for output policies of the Organization of Oil Exporting Countries, has been steadily rising over the past week.
On October 29, it first passed the 85-dollar mark, jumping to a record 86.05 dollars from 84.94 dollars the previous day.



Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password