Vienna  - In one of the biggest jumps in recent years, the price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) has surged by
4.61 dollars, OPEC said on Tuesday.

One barrel (159 litres) of crude from OPEC's reference basket stood at 111.6 dollars on Monday, compared with 106.99 dollars the previous day. The new quotation was just shy of OPEC's all-time high of 111.66 dollars.

OPEC crude prices followed Nymex WTI and ICE Brent, which both set new record highs on Monday.

According to Vienna-based analysts JBC Energy the large jump was mainly triggered by supply cut-offs in OPEC member state Nigeria. An oil workers' strike and attacks by militants on oil infrastructure have almost halved the country's production. (dpa)