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OPEC oil price slides by another 2.21 dollars
Saudi Press Agency Published in Saudi Press Agency on 14 - 11 - 2008


The price for crude oil produced by the
Organization of the Petroleum Exporting Countries (OPEC) dropped by
another 2.21 dollars Thursday, the cartel said Friday, according to dpa.
One barrel (159 litres) of OPEC crude stood at 47.73 dollars,
compared with 49.94 dollars on Wednesday.
The OPEC secretariat in Vienna on Friday did not confirm media
reports that the group's oil ministers would meet November 29 in
Cairo to discuss further production cuts to support prices.
OPEC calculates an average basket price based on 13 important
brands produced by its members.

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