The Organization of the Petroleum Exporting Countries (OPEC) reported Wednesday that its oil prices inched down to 118.96 dollars the previous day, DPA reported.
The cartel's basket price lost 0.42 dollars per barrel (159 litres) on Tuesday.
OPEC's 12 members produce more than a third of global oil supplies.
OPEC oil edges below 119 dollars
The Organization of the Petroleum Exporting Countries (OPEC) reported Wednesday that its oil prices inched down to 118.96 dollars the previous day.
