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Commodities Briefing - Categorized | Oil, Price Watch more

Iran considers oil price at $100-120 ‘logical’

Posted on 18 April 2013

Sanctions-hit Iran considers the “logical” price of crude to be around $100 to $120 a barrel, its oil ministry said on Wednesday, ahead of an OPEC meeting next month. “The logical price for oil is around 100 and 120 dollars a barrel,” ministry spokesman Alireza Nikzad said.
Oil prices were mixed in trade on Wednesday. New York’s main contract, light sweet crude for delivery in May, fell 10 cents to $88.66 a barrel but Brent North Sea crude for June was up 11 cents at $100.20. The Brent contract on Tuesday fell below the $100 mark for the first time since July…………………………………Full Article: Source


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