OPEC crude price slides below $42

March 4th, 2009 - 4:31 pm ICT by IANS  

Vienna, March 4 (DPA) The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) dropped $1.21 Tuesday, sliding below the $42 mark, the Vienna-based cartel announced Wednesday.
One barrel (159 litres) of OPEC crude stood at $41.77 Tuesday, compared with $42.98 at the start of the week.

OPEC calculates an average basket price based on 12 important brands produced by its members.

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