Home Economy OPEC oil price drops to $41.52

OPEC oil price drops to $41.52

By DPA,

Vienna : The price for oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) fell to $41.52 Tuesday, the Vienna-based cartel said Wednesday.

One barrel (159 litres) of OPEC-produced crude dropped by $1.12 Tuesday, compared with the previous day.

The cartel’s basket price is based on 12 brands produced by its members.