OPEC Oil Price Rises to $84.36

The oil price of the Organization of the Petroleum
Exporting Countries (OPEC) climbed to $84.36 at the start of
the week, the group said Tuesday, as uncertainty over the oil spill
on the US Gulf coast drove up global markets.
The cartel's basket price of crude oil brands pumped in the Middle
East, Africa and South America inched up $0.23 per barrel (159
liters) on Monday, according to a report of the German Press Agency "DPA".
In the worst case, the oil spill "could have severe consequences
for the US domestic product supply and prices," analysts at JBC
energy in Vienna said, as 42 per cent of the country's refining
capacity is located in the Gulf coast region.