7 May 2007 - 14:57
  • News Code: 104028

Vienna - The price of crude oil from the Organization of Petroleum Exporting Countries (OPEC) has fallen again, OPEC announced in Vienna Friday.

The average price of a barrel (159 litres) produced by the cartel was 63.11 dollars on Thursday, down 50 cents on the previous day"s price of 63.61 dollars, according to OPEC.

 

OPEC"s so-called basket price is calculated using 11 different types of crude sold by the cartel.

 

PIN/MONSTERSANDCRITICS.COM

News Code 104028

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