OPEC governor says USD 100 per barrel good price for oil
08.03.2010, 20.13
LONDON, March 8 (Itar-Tass) — Oil prices edged up by the middle of the day on Monday when one of the OPEC governors said 100 U.S. dollars per barrel would be preferable.
By 16:30 Moscow time, the price of oil on the New York Commodity Exchange had grown by 91 cents, (1.1 percent) reaching 82.41 U.S. dollars per barrel.
In London, a barrel of Brent traded for 80.33 U.S. dollars.
Demand increased after Iran’s representatives in OPEC, Mohammad Ali Khatibi, had said in a televised interview that 100 U.S. dollars per barrel was a “good price”.
He believes it necessary to take into account inflation and fluctuations in the U.S. 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 oil prices.