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OPEC says oil price drops 4 dollars

OPECThe oil cartel OPEC said Friday that the price of its oil fell by over 4 dollars per barrel on Thursday, slipping to the lowest level since early 2007.

The Vienna-based Organisation of Petroleum Exporting Countries said its basket of 13 crudes averaged 54.89 dollars per barrel, compared with Wednesday's 58.94 dollars.

OPEC oil price rises more than one dollar

OPEC said Thursday that the price of its oil had risen by more than one dollar on Wednesday, reaching 58.94 dollars per barrel. The day before the price was 57.77 dollars.

OPEC crude price starts the week up at 59.03 dollars

OPECThe price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose to 59.03 dollars at the start of the week, the oil cartel said Tuesday.

One barrel (159 litres) of OPEC crude rose by 1.60 dollars on Monday from 57.43 dollars on Friday.

Wilden Kaiser's slopes provide skiing fun for the whole family

AustriaA wooden post stands in the middle of the ski slope adorned with signs pointing in every direction surrounded by a group of skiers pointing left and right. Eventually one of them says "we have to go this way", and they make their way to various parts of the ski resort in Wilden Kaiser in Brixental in Austria.

Austria nationalizes troubled bank

Austria nationalizes troubled bankAustria on Monday nationalized a troubled bank for the first time since the global financial crisis hit, paying a token 2 euros (2.55 dollars) to rescue the nation's eighth-largest lender.

OPEC crude price falls to 57.65 dollars

The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell to 57.65 dollars Friday, the oil cartel said Monday.

OPEC crude price rises by more than 2 dollars

The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose by 2.23 dollars Wednesday, as the weaker dollar buoyed oil
markets, according to data released by OPEC on Thursday.

One barrel (159 litres) of OPEC crude stood at 58.13 dollars on Wednesday, up from 55.90 dollars on the previous day.

Output cut expected at OPEC meeting

Oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) met Friday in Vienna to discuss cutting oil production in reaction to falling prices and slowing demand.

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