OPEC OIL INCHES LOWER AT 110.10 DOLLARS

Vienna, March 24- The oil price of the Organization of the Petroleum Exporting Countries (OPEC) inched down to 110.10 dollars at the start of the week, the group said Tuesday.

OPEC's basket price lost 0.44 dollars per barrel (159 litres) on Monday.

Commenting on the high oil price level, analysts at Commerzbank in Frankfurt said that around 1 million barrels per day are missing from the market, owing to Libyan production outages.

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