The Organization of the Petroleum Exporting Countries (OPEC) said Tuesday that its basket oil price gained 0.90 dollars at the start of the week, stopping short of the 94-dollar mark, DPA reported.
Crude oil produced by OPEC reached 83.91 dollars per barrel (159 litres) on Monday, the highest price level since early October 2008.
The cartel's 12 member countries produce over a third of the world's crude oil.
OPEC oil nears 84-dollar mark
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
