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OPEC oil price reaches new low for 2009

Oil&Gas Materials 19 February 2009 14:13 (UTC +04:00)

Slipping to 38.14 dollars on Wednesday, the price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) reached a new low for this year, figures released by the cartel showed Thursday, dpa reported.

One barrel (159 litres) of OPEC-produced crude fell by 1.75 dollars Wednesday, below the previous low of 39.34 on January 20.

OPEC calculates its basket price based on 12 brands produced by its members.

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