The Organization of the Petroleum Exporting Countries (OPEC) said Monday that its basket price went above 83 dollars for the second time in a month at the end of last week, DPA reported.
The groups' crude oil price rose 0.65 dollars per barrel (159 litres) on Friday and settled at 83.01 dollars.
The Vienna-based cartel of 12 countries pumps over a third of the world's crude oil.
OPEC oil price rises above 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
