By DPA
Vienna : The price for oil produced by the Organization of Petroleum Exporting Countries (OPEC) dropped from its previous record high Thursday, falling to $93.97, OPEC said Friday.
According to the OPEC secretariat, one barrel (159 litres) of OPEC-produced crude stood at $93.97 dollars Thursday, down 26 cents compared to the previous day.
Crude prices were pressured by slumping US economic indicators and rising crude and gasoline stocks in the US, analysts said.