RealNews

Iran says backs OPEC push for “acceptable” oil price

Iran will support any OPEC move to bring crude oil prices back to acceptable levels following a recent slide, Iran’s OPEC Governor Hossein Kazempour Ardebili said on Sunday. Oil prices have tumbled from a mid-July peak near $80 a barrel to just under $63 on a range of factors, including burgeoning U.S. inventories and slower-than-expected economic growth. Full Story

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