| Iran has been selling more oil at higher prices in recent weeks. The country sold light crude oil at $47.58 per barrel in the week ended on June 10, a $1.93 higher from the previous week, according to the Teheran Times.
Iran’s price hike comes as the country expands output to reach its pre-sanction market share; and as Saudi Arabia has been raising its own crude oil prices. It was only a few months ago that Saudi Arabia and Iran were rushing to sign contracts with Asian customers, undercutting each other, pushing prices lower, towards the $20s...............................................Full Article: Source
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