Iran Says Oil Prices Likely to Increase

Iran’s OPEC governor Mohammad Ali Khatibi said on Sunday that the oil market was stable and the crude prices could reach $100 per barrel, the Oil Ministry’s website SHANA reported. “It is unlikely that OPEC holds an emergency meeting … There is a balance between supply and demand in the market … It is possible that the price of crude reaches $100 per barrel,” Khatibi said, SHANA reported. – Reuters