OPEC oil price falls by half a dollar
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Thu, 08 Jan 2009 09:24:12 GMT |
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Vienna - The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell by 0.52 dollars Wednesday, ending a rally in which the cartel's basket price had gained nearly 13 dollars since December 24. One barrel (159 litres) of OPEC-produced crude stood at 45.75 dollars Wednesday, the Vienna-based organization announced Thursday. OPEC calculates an average price based on 12 brands produced by its members. Indonesia suspended its membership as of January 1, as the country has become a net importer of oil.
Copyright DPA
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