Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) gained 0.29 dollars Wednesday, OPEC said Thursday, after it had dropped by more than six dollars the day before.

One barrel (159 litres) of OPEC-produced crude stood at 103.69 dollars a barrel Wednesday, compared with 103.40 dollars on the previous day.

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