(dpa) - OPEC crude prices continued their rise towards the 100-dollar mark, the Organization of the Petroleum Exporting Countries said Tuesday.
Crude prices reached another all-time high Monday, continuing a week-long trend.
The price for one barrel (159 litres) of OPEC-produced crude stood at 99.48 dollars on Monday, up 48 cents from Friday, the cartel said.
Prices are supported by OPEC's decision last week to keep supply levels unchanged, despite pressure from the United States to increase production.
OPEC, which pumps about 40 per cent of the world's crude, calculates an average basket price derived from 12 important brands produced by member states.