OPEC oil price drops to $42.56
November 24th, 2008 - 5:28 pm ICT by IANSVienna, 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.
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Tags: cartel, crude oil, last friday, opec, opec oil price, petroleum exporting countries, vienna