OPEC oil price inches down to 75.53 dollars

20 January 2010 15:27 (UTC+04:00)

The oil price of the Organization of the Petroleum Exporting Countries (OPEC) fell slightly to 75.53 dollars on Tuesday, the Vienna-based group announced Wednesday, DPA reported.

OPEC's basket price inched downwards by 0.22 dollars per barrel (159 litres).

The cartel produces 34 per cent of global oil supplies.

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