The average price of OPEC's basket of crudes has fallen below $US90 a barrel for the first time in more than two years amid abundant supplies.
The organisation said Wednesday that the average price of its members' crudes basket stood at $US89. 37 a barrel, compared with $90. 40 the previous day.
OPEC's basket price has now fallen lower than Brent — the international benchmark — which still trades above $US90 a barrel.
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