Vienna  - The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) eased by 0.38 dollars Tuesday, after having gained 2.33 dollars in the last four days of trading.

One barrel (159 litres) of OPEC-produced crude stood at 43.47 dollars Tuesday, the Vienna-based cartel announced Wednesday.

OPEC calculates a basket price based on 12 brands produced by its members. (dpa)