Iranian Crude at $76.6 pb

Iranian Crude at $76.6 pbIranian Crude at $76.6 pb

Iran's crude oil prices continued to advance in the week to May 18, following the trail of international oil benchmarks that have rallied to their peak levels in more than four years.
The country's light oil gained $2.81 to $76.60 per barrel in the week. Iran Heavy, one of the country's main grades for export, rose by $2.3, reaching $73.58 per barrel in the period, Shana reported on Saturday, citing a report by the Oil Ministry.
Shana added that the country's crude prices have averaged at $66.91per barrel since March 21.
According to Shana, the price of OPEC basket amounted to $75.61 a barrel in the period, indicating a $2.15 hike.


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