OPEC oil price drops $4

November 7th, 2008 - 6:59 pm ICT by IANS  

Vienna, Nov 7 (DPA) The Organisation of the Petroleum Exporting countries (OPC) said Friday the price of its oil fell by over $4 per barrel Thursday, slipping to the lowest level since early 2007.The Vienna-based OPEC said its basket of 13 crudes averaged $54.89 per barrel, compared with Wednesday’s $58.94.

Thursday’s price was the lowest listing since late February 2007, OPEC said.

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