OPEC crude price lowers

October 3rd, 2008 - 4:35 pm ICT by IANS  

Vienna Oct 3 (DPA) The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) eased by a further $0.72 Thursday, OPEC said Friday.One barrel (159 litres) of OPEC crude stood at $89.28 Thursday, compared with $90.00 on the previous day.

The cartel revised its Wednesday price to $90.00, up from $89.99 stated previously.

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

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