OPEC crude price stable at 110.51 dollars

Business News

Aug 27, 2008, 9:23 GMT

Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell only slightly on Tuesday, OPEC announced on Wednesday. One barrel (159 litres) of OPEC-produced crude stood at 110.51 dollars Tuesday, from 110.61 dollars on the previous day. OPEC calculates an average basket price based on 13 important brands produced by cartel members.

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