Vienna - The price of crude oil produced by the Organization of Petroleum Exporting Countries (OPEC) fell by more than one dollar on Wednesday from the record set the day before, according to data released by OPEC on Thursday.

One barrel (159 litres) of OPEC-produced crude stood at 129.87 dollars, down 1.47 dollars from 131.34 dollars on Tuesday.

OPEC originally publicized its Tuesday basket price as 131.25 dollars, but later revised it upwards to 131.34 dollars.

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