Home Economy OPEC crude price falls to $57.77

OPEC crude price falls to $57.77


Vienna : The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell to $57.77 Tuesday, the oil cartel said Wednesday.

One barrel (159 litres) of OPEC crude fell by $1.26 Tuesday from $59.03 Monday.

OPEC calculates an average basket price based on 13 important brands produced by its members.