Iran Energy Exchange to Hold Next Round of Crude Oil Sale on Sunday

The National Iranian Oil Company says the next round offering light crude oil on the international ring of the Iran Energy Exchange will be held on Sunday (Nov. 11).
A report on the company’s official website said 700,000 barrels of crude at the base price of $76.29 per barrel will be on offer.
Regarding the bearish trend in the oil market, the NIOC is likely to reduce its base price as in the previous offering.