The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell only slightly on Tuesday, OPEC announced on Wednesday.
One barrel (159 litres) of OPEC-produced crude stood at 110.51 dollars Tuesday, from 110.61 dollars on the previous day, reported dpa.
OPEC calculates an average basket price based on 13 important brands produced by cartel members.