Opec crude basket surges to USD 112.68

Vienna: The price of OPEC crude basket surged slightly to 112.68 dollars a barrel on Tuesday, compared with USD 112.32 the previous day, according to OPEC Secretariat calculations.

The Organisation of Petroleum Exporting Countries (Opec) recently estimated its 12 members will need to pump an average of 29.5 million barrels a day next year.

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