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New OPEC record high at 106.65 dollars

Sahil Nagpal 17 April 2008

Organization of the Petroleum Exporting CountriesVienna - The price for crude produced by the Organization of the Petroleum Exporting Countries (OPEC) continued its record- breaking rally on Wednesday, OPEC said on Thursday.

One barrel of crude from OPEC's 13-brand reference basket stood at 106.65 dollars on Wednesday, up from 105.73 dollars the previous day.

The bullish performance in recent days was mainly down to the weakness of the US dollar, OPEC analysts said. (dpa)

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