Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) moved below 129 dollars on Tuesday, according to data released by OPEC on Wednesday.

One barrel (159 litres) of OPEC-produced crudes stood at 128.98 dollars a barrel on Tuesday, 0.80 dollars lower than 129.78 dollars on the previous day.

OPEC calculates an average basket price based on 13 important brands produced by cartel members. (dpa)