Crude oil has faced major decline in the recent months and investors have been closely following the trends in the energy sector.

Vienna - The price for oil produced

Vienna - The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell slightly on Tuesday, to 40 dollars, OPEC said on Wednesday.

One barrel (159 litres) of OPEC-produced crude was 0.24 dollars lower than on the previous day.

The Vienna-based cartel could decide on further production cuts at its next meeting in March to support prices, OPEC Secretary General Abdalla Salem el-Badri indicated Tuesday.

Vienna - The price for oil produced by the Organization of

Vienna - The price for oil produced by the Organization of the
Petroleum Exporting Countries (OPEC) slid below the 40-dollar mark for
the second time this month on Thursday, despite the cartel's announced
production cut, OPEC said Friday.

The basket price for crude oil produced by OPEC stood at 39.48
dollars per barrel (159 litres) Thursday, 1.47 dollars less than on the
previous day, the Vienna-based organisation said.

OPEC's oil price fell in line with international crude prices. Oil