Vienna - The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) continued to rise Tuesday, climbing to 46.27 dollars, the Vienna-based cartel announced Wednesday.

One barrel (159 litres) of OPEC-produced rose by 2.41 dollars from Monday.

OPEC's basket price moved upwards for the seventh day of trading in a row. It has gained 12.91 dollars since December 24 of last year.

The current spat between Russia and the Ukraine over natural gas, which has affected European gas supplies, contributed to rising oil prices, Vienna-based analysts JBC Energy said. (dpa)