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Falling OPEC crude price nears 120-dollar-mark
Vienna Published in Saudi Press Agency on 31 - 07 - 2008


The price for crude oil produced by the
Organization of the Petroleum Exporting Countries (OPEC) fell by
almost a dollar on Wednesday but stayed above 120 dollars a barrel,
OPEC said on Thursday according to DPA which carried the news today.
One barrel (159 litres) of OPEC-produced crude stood at 120.88
dollars Wednesday, 0.85 dollars less than 121.73 dollars on the
previous day.
OPEC calculates an average basket price based on 13 important
brands produced by cartel members.

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