Last Updated :
02 December 2008 at 15:00 IST
OPEC basket price drops to $45.57 a barrel
Commodity Online
VIENNA : OPEC on Tuesday said the price for
Crude Oil produced by its member countries dropped by $1.65 on Monday after it deferred a decision on lowering production quotas at the weekend.
In a statement issued here the cartel said, one barrel of its crude stood at $ 45.57 on Monday. The Vienna-based organization calculates an average price based on 13 brands produced by its members.
At a meeting in Cairo on Saturday, OPEC oil ministers indicated they might lower the cartel's oil output at a meeting in Algeria on December 17, in order to keep crude prices from falling.
MCX COPPER MINI 29 February 2012
contract was trading at
Rs 396.4 , up Rs. 5.25 . What's your view on it?
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