OPEC crude remains above $40 a barrel

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Tuesday, 20 January 2009

Organization of the Petroleum Exporting Countries on Tuesday said the price for oil produced by its member countries slid by $1.64 on Monday. However the prices continued to wander above $40, OPEC said in a statement issued here. One barrel of OPEC-produced crude stood at $40.53 dollars on Monday compared with $42.17 on the previous day.
The Vienna-based organization calculates a basket price based on 12 brands produced by its members.
Source: Commodity Online