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Market oil balanced; prices likely to increase: Iran

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.

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Market oil balanced; prices likely to increase: Iran
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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.

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