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Update at 1545 hrs (IST)


General
OPEC basket price for crude dips below $50

MUMBAI: Crude oil produced by the Organisation of Petroleum Exporting Countries (OPEC) fell below $50 levels (reference price) on Wednesday to $49.94 a barrel, declining to record yet another low this year, agency sources said on Thursday quoting the Vie nna based oil cartel.

OPEC calibrates the average basket price based on 13 important brands produced by the member countries.

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