Opec basket hits price record

VIENNA - The price of the Opec basket of seven crude oils reached a new record high of 39.67 dollars on Friday as world oil prices kept soaring, the organisation said in a statement yesterday.

By (AFP)

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Published: Tue 10 Aug 2004, 10:17 AM

Last updated: Thu 2 Apr 2015, 11:45 AM

The basket, which is always published with a one-work day delay, rose Friday by 12 cents from Thursday, when the price hit 39.55, reported Opecna, the group's official news agency. A spokesman said the level reached Friday was the "highest ever". The basket was created in 1982 for Organisation of Petroleum Exporting Countries' internal use and has been published since 1987.

On Friday, oil prices reached a new record of 44.77 dollars a barrel in New York.

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