Correction: Austria-OPEC story
VIENNA (AP) - In a story June 15 about the price of oil, The Associated Press erroneously quoted OPEC Secretary General Abdullah Al-Badry as saying that oil prices could rise about $25 from their present levels to $110 a barrel without threatening the world economy. In fact, Al-Badry only said prices could rise to $110 a barrel without threatening the world economy.
The AP figure of $25 was inaccurate because it was based on the price of U.S. benchmark crude and not the Brent crude oil that Al-Badry says he was referring to, which has recently been close to $100 a barrel.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)