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Commodities Briefing - Categorized | Market Moves, Oil, Trading more

Iran to seek collective OPEC reaction if West releases oil stocks

Posted on 22 August 2012

Iran would expect a collective reaction from OPEC should there be a coordinated oil stock release by the West, Iran’s oil ministry spokesman Ali Reza Nikzad Rahbar was quoted as saying Tuesday.
Nikzad also said the talk of a stock release was likely in response to the recent increase in oil prices caused in part by the threat of a possible attack on Iran by Israel………………………………………..Full Article: Source


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