Iran says oil price is right at $100 a barrel Angela Jameson Pressure for a cut in oil output at next week's Opec meeting in Vienna stepped up today when Iran’s Opec governor said an oil price of $100 per barrel was “appropriate” in current conditions. Mohammad Ali Khatibi made his comments as the price of Brent crude fell by $1.77 to $104.30 today while US oil also declined to $106.12. Oil is now trading nearly 30 per cent lower than its peak of $147.27 on July 11. Mr Khatibi also reiterated Iran’s view that Opec's 13 members, who are...
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