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Commodities Briefing - Categorized | Oil, Price Watch more

Oil may rise to $55 if all producers cooperate: Iran

Posted on 21 November 2016

Iranian Oil Minister Bijan Zanganeh expressed optimism on Saturday about an upcoming OPEC meeting and said crude prices could jump to $55 a barrel if an agreement is reached and non-OPEC producers cooperate.
“We are receiving positive signals that increase the likelihood of agreement at the meeting … and I’m optimistic about the situation,” Zanganeh told state television by telephone, after meeting OPEC Secretary-General Mohammed Barkindo in Tehran ahead of the Nov. 30 meeting……………………………………Full Article: Source


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