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OPEC oil price jumps to $50 a barrel
Jumping by nearly three dollars, the price for oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) ended the day at $50 a barrel on Thursday, the cartel announced.
Updated on: Apr 3, 2009, 15:17:59 IST
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Jumping by nearly three dollars, the price for oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) ended the day at $50 a barrel on Thursday, the cartel announced on Friday.
The basket price for one barrel (about 159 litres) of OPEC crude rose by $2.82, from $47.18 on the previous day.
The Vienna-based group calculates an average price based on 12 brands produced by its members.
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