Iranian light oil price rises 13 cents in a week

December 31, 2017

TEHRAN- Iran’s light crude oil price rose 13 cents in the week ended on December 22 to settle at $63.36 per barrel, Shana reported on Saturday.

The country’s light oil price was reported $52.20 on average since the beginning of 2017 until December 22.

The country’s heavy crude oil price also experienced a $0.52 increase in the said week to settle at $61.01 per barrel.

In the mentioned week, Organization of Petroleum Exporting Countries (OPEC)’s basket price stood at $61.84 per barrel with 13 cents rise compared to the preceding week.

EF/MA

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