Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) shed 0.32 dollars on Monday, after rising by more than 4 dollars over the course of last week.

One barrel (159 litres) of OPEC crude stood at 42.98 dollars Monday, according to data released by the cartel on Tuesday.

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