Oil produced by the Organization of the Petroleum Exporting Countries (OPEC) slipped another 1.10 dollars at mid-week, the group said Thursday, sending the price to its lowest level since mid-October, DPA reported.
OPEC's basket price stood at 73.70 dollars per barrel (159 litres) on Wednesday.
Crude oil pumped by the cartel's 12 member countries had peaked at 77.88 dollars for this year on December 1.
OPEC oil price falls by another 1.10 dollars
See Also:
- OPEC: World oil demand growth to be weaker than expected due to economic concerns
- IEA revises down forecast on global oil demand
- OPEC downgrades forecast for Kazakhstan's oil production
- OPEC expects Azerbaijan’s oil production at 0.99 mln bpd in 2012
- JP Morgan: Global oil demand growth to be moderate in first half of 2012
