Prices of Iranian crude exceed $57 per barrel

TEHRAN, Nov. 07 (MNA) – Iran’s light crude prices rose by over one dollar to exceed 57 dollars per barrel in the week leading to October 27.

In the seven days leading to October 27, Iran’s light crude prices grew by $1.32 climbing to 57 dollars and 45 cents a barrel while the average figure for Iranian crude has been $50.26 since the beginning of the year 2017, the Iranian Ministry of Petroleum reported.

In the meantime, price figures for heavy crude of Iran rose to $54.95 indicating a 40-cent upswing as compared the earlier week.

The price of OPEC basket also rocketed by 1.62 cents surging to a 56 dollars and 34 cents per barrel.

Over the same time span, WTI and Brent crude oil prices grew larger by 78 cents and $1.21 cents mounting up to $52.49 and $58.59 respectively.

Dubai and Oman crude oil barrels were also traded at $56.26 and $56.14 in the week leading to October 27 after respectively snowballing by 35 and 26 cents.


News Code 129268


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