Vienna - The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) climbed above 52 dollars on Monday, the group announced Tuesday.

One barrel (158 litres) of OPEC crude oil stood at 52.11 dollars Monday, an increase of 1.70 dollars since the end of last week.

The Vienna-based cartel calculates an average price based on 12 brands of crude produced by its members. (dpa)