The weekly average prices of the Organization of the Petroleum Exporting Countries
The weekly average prices of the Organization of the Petroleum Exporting Countries (OPEC) slightly rebounded to $111.08 per barrel (dpb) last week, $1.35 higher than the previous week, said the Vienna-based cartel Monday.
The weekly prices dropped in a row for 6 consecutively trading weeks since it topped historic high of 138.31 dpb on the first week of July. It once touched the three-month-low of 109.73 dollars the week before last week.
The daily average prices last week slightly dropped to 108.26 dollars Tuesday and started jumping higher. It even surged 4.30 dollars Wednesday from 109.77 to 114.07 dollars and kept rising on Friday to 114.63 dollars.