From correspondents in Vienna, Austria, 06:00 PM IST

The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) lost another $1.20 Thursday, OPEC said Friday.

One barrel (159 litres) of OPEC crude stood at $97.68 Thursday, compared with 98.88 dollars on the previous day.

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

(Staff Writer, © IANS)