Oil prices fell sharply as demand concerns grew. Photo Courtesy: AP
OPEC crude price plummets below $124
Thu-Jul 24, 2008
Vienna / Indo-Asian News Service
The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) dropped more than three dollars to below $124 on Wednesday, OPEC said in a statement on Thursday.
One barrel (159 litres) of OPEC-produced crude stood at $123.89 dollars on Wednesday, $3.54 lower than $127.43 on the previous day.
OPEC calculates an average basket price based on 13 important brands produced by cartel members.
One barrel (159 litres) of OPEC-produced crude stood at $123.89 dollars on Wednesday, $3.54 lower than $127.43 on the previous day.
OPEC calculates an average basket price based on 13 important brands produced by cartel members.
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