The oil price of the Organization of the Petroleum Exporting Countries (OPEC) rose past the 75-dollar mark at mid-week, the group said Thursday, DPA reported.
The cartel's basket price reached 75.14 dollars per barrel (159 litres) on Wednesday, rising 2.09 dollars from the previous day.
OPEC's 12 member countries produce over a third of global oil supplies.
OPEC oil price climbs back above 75 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
