The Organization of the Petroleum Exporting Countries (OPEC) said Wednesday that its oil price rose to 81.83 dollars on the previous day, regaining some recent losses, DPA reported.
The group's basket price rebounded by 0.94 dollars per barrel (159 litres) on Tuesday, after having shed nearly 2 dollars at the start of the week.
OPEC's 12 members produce over a third of the world's crude oil.
OPEC oil price rebounds to 81.83 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
