Sunday, 10 June 2007

Oil prices may hit $80 a barrel: Iran report

(Reuters) - Iran's semi-official Mehr News Agency carried the remarks.




Khatibi said storms, like Cyclone Gonu that lashed the south of Iran and disrupted oil exports from nearby Oman last week, could help drive the price to around $80 a barrel -- although he did not specify which benchmark crude he was referring to.


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