The oil price of the Organization of the Petroleum Exporting Countries (OPEC) rose to 79.64 dollars at mid-week, the Vienna-based group announced Thursday, DPA reported.
One barrel (159 litres) of OPEC-produced crude oil gained 0.52 dollars on Wednesday.
OPEC's basket price has been on a continuous upward track since December 22, when it stood at 71.32 dollars.
The cartel's 12 member countries pump more than a third of global crude oil supplies.
OPEC oil price edges towards 80 dollars-mark
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
