OPEC crude price slides below $80

October 13th, 2008 - 6:01 pm ICT by IANS  

Vienna, Oct 13 (DPA) The price for crude oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) dropped by $5.57 to reach $72.67 last Friday, as financial markets plunged across the globe, OPEC said Monday.One barrel (159 litres) of OPEC crude stood at $72.67 Friday, down from $78.24 on the previous day.

OPEC calculates an average basket price based on 13 important brands produced by cartel members.

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