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Commodities Briefing - Categorized | Oil, People, Price Watch more

Iran oil minister says oil below $100 ‘not reasonable’

Posted on 15 April 2013

Iran wants oil prices to stay above $100 a barrel, its oil minister said on Sunday after crude touched nine-month lows near $101 on Friday and ahead of OPEC’s next meeting on May 31. “An oil price below $100 is not reasonable for anyone,” Rostam Qasemi said.
Fellow OPEC member Saudi Arabia’s oil minister said last month that around $100 a barrel was a “reasonable” price for consumers and producers alike………………………………………..Full Article: Source


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