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OPEC crude price continues to drop

Business Materials 14 January 2008 13:09 (UTC +04:00)

( dpa ) - The price for crude oil produced by members of the Organization of Petroleum Exporting Countries (OPEC) continued its slide downwards at the weekend.

One barrel ( 159 litres) of OPEC-produced crude stood at 88.50 dollars on Friday, down 1.36 dollars from the previous day, the Vienna-based OPEC Secretariat said on Monday.

The organization calculates an average basket price based on 12 important brands produced by cartel members.

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