'Crude oil prices to rise by summer'
Iran's OPEC Governor Mohammad Ali Khatibi says global crude oil prices are expected to recover by the beginning of the summer season./ Khatibi told Reuters in a phone interview on Sunday that the price of oil would pick up again by the summer, noting that Iran has based the oil price for the budget bill for the current Iranian calendar year (started on March 21) on $81.50 per barrel, well below global prices over the past two months. "One reason for the fall in prices is because the dollar gained strength, and to some degree a stronger ...
Click
To Read Full Article