OPEC oil price lower at 51.45 dollars

The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) eased to 51.45 dollars on Friday, the group announced Monday.

One barrel (159 litres) of OPEC crude oil stood 0.10 dollars lower at the end of last week, down from 51.55 on Thursday, dpa reported.

The Vienna-based cartel calculates a basket price based on 12 brands produced by its members.

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