OPEC oil price sheds $1.64

January 20th, 2009 - 7:16 pm ICT by IANS  

Vienna, Jan 20 (DPA) The price for oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) slid by $1.64 Monday, according to data provided by the cartel Tuesday.One barrel (159 litres) of OPEC-produced crude stood at $40.53 Monday, compared with $42.17 on the previous day.

The Vienna-based organisation calculates a basket price based on 12 brands produced by its members.

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