The price of oil for the Organization of the Petroleum Exporting Countries (OPEC) fell 47 cents to $71.40 Thursday, marking ten straight days of decline for the price of crude, EarthTimes.com reports.
OPEC oil lost $6.19 in value over those 10 trading days.
The 12 member countries included in the organization provide over a third of global oil supplies.
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See Also:
- OPEC Has Way Too Much Oil For 2010
- Falling Oil Demand Terrifies OPEC, Spurring It To Restrict Production
- Commodities Tank, Oil Dropping Below $74 A Barrel