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OPEC crude price hovers above 108 dollars

Business Materials 20 August 2008 16:27 (UTC +04:00)

The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell slightly on Tuesday, to 108.26 dollars a barrel, data released by OPEC showed on Wednesday, dpa reported.

The price for one barrel (159 litres) of OPEC-produced crude was down 0.42 dollars Tuesday, compared with 108.68 dollars on the previous day.

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

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