Iran crude price down by more than 3 dollars

Tehran, March 29, IRNA – Iran sold light and heavy crude oil at $49.99 and $47.49 per barrel in the week to March 23, showing decreases of $3.13 and $3.32, the Organization of Petroleum Exporting Countries (OPEC) said in its latest report.

Average crude price for Iranian light and heavy crude was $50.45 and $48.11 a barrel respectively since January.

OPEC reports that the organization’s crude basket price was also down by $2.24 to $49.67 a barrel in the week to 23 March.

Average OPEC crude basket price has been $50.11 a barrel since January.