OPEC oil price dips below $40

January 21st, 2009 - 8:25 pm ICT by IANS  

Vienna, Jan 21 (DPA) The price for oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) inched below the $40 mark Tuesday, the Vienna-based cartel said Wednesday.One barrel (159 litres) of OPEC-produced crude stood at $39.34 Tuesday, $0.96 lower than on the previous day.

It was the third time since early December that OPEC’s basket price of 12 crude brands slid below $40.

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