Prices of Iranian crude exceed $57 per barrel

In the seven days leading to October 27, Iran’s light crude prices grew by $1.32 climbing to 57 dollars and 45 cents a barrel while the average figure for Iranian crude has been $50.26 since the beginning of the year 2017, the Iranian Ministry of Petroleum reported.

In the meantime, price figures for heavy crude of Iran rose to $54.95 indicating a 40-cent upswing as compared the earlier week.

The price of OPEC basket also rocketed by 1.62 cents surging to a 56 dollars and 34 cents per barrel.

Over the same time span, WTI and Brent crude oil prices grew larger by 78 cents and $1.21 cents mounting up to $52.49 and $58.59 respectively.

Dubai and Oman crude oil barrels were also traded at $56.26 and $56.14 in the week leading to October 27 after respectively snowballing by 35 and 26 cents.

/SR