Iran says oil price could reach $150 per barrel on EU embargo

TEHRAN: Iran said on Sunday that oil prices could reach $150 per barrel as a result of the European Union's ban on imports of oil from the country, deputy oil minister was quoted as saying by the...

AFP

January 29, 2012

Iran says oil price could reach $150 per barrel on EU embargo

TEHRAN: Iran said on Sunday that oil prices could reach $150 per barrel as a result of the European Union's ban on imports of oil from the country, deputy oil minister was quoted as saying by the official IRNA news agency.

"Although a precise prediction cannot be made on the oil prices, it seems we will witness $120 to $150 oil price per barrel for future," said Deputy Oil Ministry Ahmad Qalebani. (Reuters)