The increase of Crude Oil Price until $113.63/Barrel - OPEC News

Rising $3.86 on Thursday, the price for crude oil produced by OPEC jumped back above the $110-mark, data issued by OPEC showed on Friday.

One barrel (159 liters) of OPEC-produced crude stood at $113.63 Thursday, compared with $109.77 on the previous day.

Oil prices were pushed by concerns about rising tensions between the United States and oil producer Russia, Vienna-based energy consultants JBC said.
OPEC calculates an average basket price based on 13 important brands produced by cartel members.