Error message

Deprecated function: Creation of dynamic property MergeQuery::$condition is deprecated in MergeQuery->__construct() (line 1357 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).

OPEC crude price down from all-time highe

Mohit Joshi 25 April 2008

OPEC Vienna - Crude prices eased on Thursday after reaching a new all-time-high above 111 dollars, the Organization of the Petroleum Exporting Countries (OPEC) said on Friday.

One barrel (159 litres) of crude produced by the 13-member cartel stood at 110.63 dollars on Thursday, down 51 cents from the previous day.

Prices were pushed up during the last days by the continued weakness of the US dollar and OPEC members maintaining their view that markets were well supplied and an increase in production quotas was not necessary.

OPEC's Vienna-based secretariat calculates an average basket price based on 13 important brands produced by its member states. (dpa)

Business News:

Energy Sector

Regions:

Vienna