The oil price of the Organization of the Petroleum Exporting Countries (OPEC) shed 0.10 dollars towards the end of the week but remained above the 76-dollar mark, the group said Friday, DPA reported.
OPEC's basket price settled at 76.42 dollars on Thursday.
The 12 member countries of OPEC produce over a third of the world's crude oil.
OPEC oil price hovers at 76 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
