OPEC crude prices drop to 138 dollars
The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell on Tuesday, according to OPEC data, as the latest outlook for the United States indicated a worsening of the economic situation, reported dpa.
One barrel (159 litres) of OPEC-produced crude stood at 138 dollars Tuesday, down 1.81 dollars compared with 139.81 dollars on the previous day, OPEC said Wednesday.
On Tuesday, Ben Bernanke, the head of the US Federal Reserve, said factors such as rising energy prices and a further contraction of housing markets represented "significant downside risks to the outlook for growth."
OPEC calculates an average basket price based on 13 important brands produced by cartel members.