OPEC oil price drops to $42.56

November 24th, 2008 - 5:28 pm ICT by IANS  

Vienna, Nov 24 (DPA) The price for crude oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) continued falling last Friday, when it dropped to $42.56, the cartel reported Monday.That was a drop of $1.50 per barrel (159 litres) of OPEC crude at the end of the week, versus $44.06 on Thursday.

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

Related Stories

Tags: , , , , , ,

Posted in Business |