The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) slid by 1.64 dollars Monday, continuing to meander above 40 dollars, according to data provided by the cartel on Tuesday.
One barrel (159 litres) of OPEC-produced crude stood at 40.53 dollars Monday, compared with 42.17 dollars on the previous day, dpa reported.
The Vienna-based organization calculates a basket price based on 12 brands produced by its members.