OPEC continues pumping less oil over past 5 months

OPEC's oil production continues to decline over the past five months while other oil pumpers are expected to produce more, the cartel's monthly report on Wednesday said, Xinhua reports.

The Organization of the Petroleum Exporting Countries (OPEC) in February pumped 32.19 million barrels a day, 77,000 barrels less than in January, according to the report.

It's the fifth consecutive months that OPEC is producing less oil.