The oil price of the Organization of the Petroleum Exporting Countries (OPEC) climbed to 74.89 dollars early in the week, the group said Tuesday.
OPEC's basket price went up 1.07 dollars per barrel (159 litres) on Monday, DPA reported.
The Vienna-based cartel produces over a third of the world's crude oil supplies.
OPEC oil price rises over one dollar to 74.89 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
