OPEC crude price stable at $110.51

August 27th, 2008 - 5:47 pm ICT by IANS  

Vienna, Aug 27 (DPA) The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell only slightly on Tuesday, OPEC announced Wednesday.One barrel (159 litres) of OPEC-produced crude stood at $110.51 Tuesday, from $110.61 on the previous day.

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

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