The Organization of the Petroleum Exporting Countries (OPEC) said Wednesday that its oil price shed 0.48 dollars on the previous day.
The group's average price decreased to 77.38 dollars per barrel (159 litres) on Tuesday, DPA reported.
OPEC oil price down by half a dollar
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
