Vienna- The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell by 0.62 dollars Friday, OPEC said Monday.

One barrel (159 litres) of OPEC-produced crude stood at 111.23 dollars Friday, down from 111.85 dollars on the previous day.

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