OPEC oil price inches towards 44-dollar mark

OPEC oil price inches towards 44-dollar mark Vienna - The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) gained slightly on Thursday but stopped short of crossing the
44-dollar mark, according to data released by OPEC on Friday.

One barrel (159 litres) of OPEC-produced crude stood at 43.87 dollars Thursday, 0.08 dollars higher than on the previous day.

The Vienna-based oil cartel calculates a basket price based on 12 brands produced by its members. (dpa)

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