Crude oil ought to be $150 per barrel: Iran






Daniel Fineren and Yeganeh Torbati
Reuters
September 17, 2012

(Reuters) – Crude oil should be at least $150 per barrel, Iran’s oil minister was quoted as saying on Sunday, and the sanctions-hit country’s OPEC governor said current oil prices were not high enough to threaten the world economy.

Benchmark Brent crude prices rose to nearly $118 a barrel on Friday, stoking fears that surging energy costs could harm fragile economic growth. Days earlier, Saudi Oil Minister Ali al-Naimi said he was worried by high prices and the kingdom would take steps to moderate them.

Iranian oil officials say oil prices are still fairly low and deny there is any danger of current prices hampering growth.

Iranian oil minister Rostam Qasemi said on Sunday crude oil ought to be at least $150 per barrel, the Iranian Students’ News Agency (ISNA) reported.

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2 Responses to “Crude oil ought to be $150 per barrel: Iran”

  1. You always know a big war is about to start when oil prices go up big time, it is a trick to get us proles to pay for there war.

    Glen Reply:
    September 17th, 2012 at 4:12 am

    The point is in this case SUPPLY and speculation should have the price at HUNDREDS not under one hundred as it is now.

    Just shows the ZIONIST BANKERS are controlling the price and FORCING IT DOWN BIG TIME.

    They know full well that 150 to 200 dollar oil will SCREW THE ECONOMIES and start the next FINAL GFC.

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