OPEC oil price falls below $45
November 21st, 2008 - 6:01 pm ICT by IANS ( Leave a comment )Vienna, Nov 21 (DPA) The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell to $44.06 Thursday, the first time it went below $45 since May 2005.One barrel (159 litres) of OPEC crude cost $1.83 less Thursday than on the previous day, the Vienna-based cartel said Friday.
OPEC calculates an average basket price based on 13 important brands produced by its members.
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Tags: crude oil, opec, opec oil price, organization of the petroleum exporting countries, petroleum exporting countries, vienna based cartel
