The Organization of the Petroleum Exporting Countries (OPEC) said Wednesday that the group's oil price fell slightly to 71.94 dollars on the previous day, DPA reported.
OPEC's basket price shed another 0.03 dollars per barrel (159 litres) on Tuesday.
The 12 member countries of the Vienna-based cartel produce 34 per cent of the world's crude oil.
OPEC oil price drops further to 71.94 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
