OPEC oil price keeps falling

December 22nd, 2008 - 6:19 pm ICT by IANS  

Vienna, Dec 22 (DPA) The price for crude oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) stood at $37.72 per barrel Friday, the Vienna-based organisation said Monday.The price per barrel (159 litres) dropped by $3.23 since the cartel decided last Wednesday to cut down production.

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

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