Vienna
- Slipping to 38.14 dollars on Wednesday, the price for oil produced by
the Organization of the Petroleum Exporting Countries (OPEC) reached a
new low for this year, figures released by the cartel showed Thursday.

One barrel (159 litres) of OPEC-produced crude fell by 1.75 dollars Wednesday, below the previous low of 39.34 on January 20.

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