Falling OPEC crude price nears $120 mark
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Falling OPEC crude price nears $120 mark

Thursday, 31 July 2008, 07:00 Hrs
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Vienna: The price for crude oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) fell by almost a dollar Wednesday but stayed above $120 a barrel, OPEC said Thursday.

One barrel (159 litres) of OPEC-produced crude stood at $120.88 Wednesday, $0.85 less than $121.73 on the previous day.

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