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Iran’s Khatibi say’s $100 crude oil price is “good price”
Published on March 9, 2010 by oilprices · No CommentsCrude 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.