ID :
164898
Tue, 03/01/2011 - 08:55
Auther :
Shortlink :
https://www.oananews.org//node/164898
The shortlink copeid
Oil price falling once Libya calm
TEHRAN, Mar.1(MNA)-- Oil prices will fall back to pre-crisis levels once calm returns to Libya, Iran's OPEC governor Mohammad-Ali Khatibi was quoted as saying on Monday, recommending OPEC not rush into any action to calm the market.
"As soon as calm returns to normal in Libya, oil prices will return to their previous level," Khatibi said.
"The present increase in oil prices stems from psychological factors ...this hike in crude prices is not a result of supply and demand."
"As soon as calm returns to normal in Libya, oil prices will return to their previous level," Khatibi said.
"The present increase in oil prices stems from psychological factors ...this hike in crude prices is not a result of supply and demand."
