The oil price of the Organization of the Petroleum Exporting Countries (OPEC) rose 1.01 dollars at mid-week, the cartel announced Thursday.
The group's basket price reached 76.52 dollars per barrel (159 litres) on Wednesday, DPA reported.
OPEC's 12 member countries pump more than a third of the world's crude oil supply.
OPEC oil price climbs by 1.01 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
