OPEC crude price continues to slide , 9th day in a row

Business Materials 25 July 2008 13:26 (UTC +04:00)

The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell for the ninth day in a row on Thursday, data released by OPEC on Friday showed.

One barrel (159 litres) of OPEC-produced crude stood at 122.42 dollars Thursday, down 1.47 dollars from 123.89 dollars on the previous day, reported dpa.

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