The oil price of the Organization of the Petroleum Exporting Countries (OPEC) crept above 82 dollars at mid-week, the group said Friday, DPA reported.
The cartel's basket price added 0.18 dollars and settled at 82.01 dollars per barrel (159 litres) on Wednesday.
OPEC's 12 member countries produce over a third of global oil supplies.
OPEC oil price inches above 82 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
