Iran’s Khatibi say’s $100 crude oil price is “good price”
BonTradeCrude oil prices edged up by the middle of Monday’s trading session when Mohammad Ali Khatibi, one of the OPEC governors said $100 per barrel would be preferable.
By 16:30 Moscow time, the price of Light crude oil futures on the NYMEX had risen 1.1 percent, reaching $82.41 per barrel, while in London, a barrel of Brent crude oil traded for $80.33 on the ICE Futures Exchange.
Demand increased after Iran’s representatives in OPEC, Mohammad Ali Khatibi, had said in a televised interview that $100 per barrel was a “good price”. He believes it necessary to take into account inflation and fluctuations in the US dollar’s exchange rate when determining world oil prices.
Analysts do not rule out that Tehran may press OPEC at its upcoming session in Vienna for the adoption of decisions that will raise crude oil prices.
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- Crude oil trading up 2 percent, on US dollar, Iran tensions
- Light oil price gains in trading, hovers around $75
- OPEC member Iran begins drilling oil well in Caspian Sea
- Crude oil prices may hit record highs if the US attacks Iran
- Iran may stop crude oil exports if sanctions continue
- Oil price trading around $77 amid mixed crude demand signs
- Brent oil price trading above $80 on weaker US dollar
- Growth story pushes oil prices higher for the week
- Light oil prices end the week well above $80 trading range
- Oil prices trading near 2010 highs on latest US jobs data
- Shell’s Voser says higher crude oil prices in the future
- Oil prices trading steady around $80, stronger US dollar
- Oil prices trading steady, awaits US crude inventory data
- Top Libya official says OPEC to keep oil output unchanged
- Brent oil price trading back over $78 on higher markets
- OPEC members oil output in Feb 2010 hits 14 month high
- IEA holds Oil Price Formation Workshop in Tokyo, Japan
- The Weekly Oil Futures Wrap at Live Oil Prices
- IEA says market can absorb loss of 1yr Iran oil supply
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Iran’s Khatibi say’s $100 crude oil price is “good price”
