The oil price of the Organisation of the Petroleum Exporting Countries (OPEC) settled at 71.72 dollars at the start of the week, remaining stable after a small increase, according to data published by the group on Tuesday, DPA reported.
The cartel's basket price gained 0.17 dollars per barrel (159 litres) on Monday.
OPEC's 12 member countries supply over a third of the world's oil.
OPEC oil price hovers at 71.72 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
