Reuters: An Iranian official predicted on Sunday that price of WTI crude could reach around $90 per barrel by December if U.S. dollar continued to lose value, Iran’s state broadcaster IRIB’s web site reported. TEHRAN, Sept 30 (Reuters) – An Iranian official predicted on Sunday that price of WTI crude could reach around $90 per barrel by December if U.S. dollar continued to lose value, Iran’s state broadcaster IRIB’s web site reported.
“If the value of dollar continues to drop, the price of … WTI … will reach about $90 in three months,” said Hojjatollah Ghanimifard, international affairs director of the state-owned Iranian oil company.
WTI crude slipped $1.22 on Friday to $81.66 per barrel as traders took profits from near record prices and as worries lingered about a slowdown in the U.S. economy.
