OPEC crude price falls by another two dollars

Business Materials 18 July 2008 12:49 (UTC +04:00)

The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell by more than two dollars Thursday, data released by OPEC showed on Friday.

One barrel (159 litres) of OPEC-produced crude stood at 131.03 dollars Thursday, down 2.06 dollars from 133.09 dollars on the previous day, reported dpa.

OPEC calculates an average basket price based on 13 important brands produced by cartel members.