The Organization of the Petroleum Exporting Countries (OPEC) said Wednesday that its oil price rose to 77.54 dollars on the previous day.
The cartel's basket price gained 0.79 dollars per barrel (159 litres) on Tuesday, as the benchmark brands West Texas Intermediate and North Sea Brent also moved upwards, DPA reported.
The 12 member countries of the Vienna-based group produce over a third of global oil supplies.