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OPEC crude price drops more than three dollars

Mohit Joshi 9 July 2008

Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) dropped more than three dollars on Tuesday, according to data released by OPEC on Wednesday.

One barrel (159 litres) of OPEC-produced crude stood at 135.21 dollars, 3.23 dollars lower compared with 138.44 dollars on the previous day.

Crude oil fell more than 5 dollars to 136.04 dollars per barrel in New York on Tuesday.

OPEC calculates an average basket price based on 13 important brands produced by cartel members. (dpa)

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