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Commodities Briefing - Categorized | Market Moves, Oil more

Iran to call for OPEC emergency meeting if prices drop below $100

Posted on 17 April 2013

Iran will call on the members of the Organization of Petroleum Exporting Countries (OPEC) to convene in an emergency meeting to discuss oil prices if they slump below $100 per barrel, an oil ministry official said.
On Friday, crude prices dropped to near $101 ahead of the next OPEC meeting on May 31. “Iranian Oil Minister Rostam Qassemi will have telephone conservation with OPEC president about an extraordinary meeting if prices fall below $100,” the official, speaking on condition of anonymity, said on Monday…………………………………….Full Article: Source


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