Young Journalists Club | Latest news of Iran and world

News ID: 1678
Iran » Iran
Publish Date: 15:46 - 17 July 2013
Tehran, YJC. Official says that the Iranian light crude oil is sold at $105.86 per bbl.

Head of the Association of Oil Industry Equipment Producers said in an interview with YJC that the Iranian light crude oil is sold at international markets for $105.86.

"The heavy crude oil is also sold at $101.28,” Reza Padidar added.

He also pointed out that the West Texas Intermediate (WTI) is currently sold at $105.77.

"The North Sea oil is also sold at $108.14 and the OPEC Reference Basket at $105.31,” he further stated.

Padidar said that it is expected that with increasing summer trips, oil prices will rise in the days ahead.

He also believed that the increase in oil prices is partly due to the favorable situations in US exchange markets as well as the increase in Chinese oil refinement.


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