The price of Organization of the Petroleum Exporting Countries (OPEC) oil fell slightly to 71.77 dollars towards the end of the week, the Vienna-based group announced Friday, DPA reported.
OPEC's basket price shed 0.40 dollars Thursday.
The cartel's 12 oil ministers are set to meet in Angola's capital Luanda on Tuesday to discuss production quotas.
OPEC oil price eases to 71.77 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
