The oil price of the Organization of the Petroleum Exporting Countries (OPEC) continued falling at the start of the week, the cartel announced Tuesday.
OPEC-produced oil slid to 68.86 dollars per barrel (159 litres) on Monday, down 0.85 dollars from the previous trading day, DPA reported.
The group's 12 member countries pump over a third of the world's crude oil.
OPEC oil price slides to 68.86 dollars
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
