The oil price of the Organization of the Petroleum Exporting Countries (OPEC) reached a new 15-month record of 80.29 dollars at the start of the week, the Vienna-based organization said Tuesday, DPA reported.
One barrel (159 litres) of OPEC-produced crude oil gained 0.35 dollars on Monday.
OPEC's 12 member countries produce 34 per cent of global oil supplies.
OPEC oil price hits 15-month high
See Also:
- JP Morgan: Global oil demand growth to be moderate in first half of 2012
- Iran to compete with Saudi Arabia for OPEC secretary general post
- Iran urges OPEC members not to aggravate oil embargo
- Analysts: Libyan oil production may reach 1.6 million bpd by second quarter of 2012
- OPEC Secretary General: any uncertainty in MENA region to have serious global impact
