Vienna  - The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) stayed above the 50-dollar mark on Tuesday, but still fell by nearly one dollar, the group announced on Wednesday.

One barrel (159 litres) of OPEC crude stood at 50.96 dollars Tuesday, 0.94 dollars less than on the previous day.

The Vienna-based cartel calculates a basket price based on 12 brands produced by its members. (dpa)