02.02.2011, 20:43
Zitat:Iran's OPEC Governor Stresses Impacts of Egypt's Events on Oil Price<!-- m --><a class="postlink" href="http://english.farsnews.com/newstext.php?nn=8911121428">http://english.farsnews.com/newstext.php?nn=8911121428</a><!-- m -->
TEHRAN (FNA)- Iran's OPEC Governor Mohammad Ali Khatibi stressed that the recent uprisings in Egypt and the risk of possible disruption in the flow of crude oil through the Suez Canal have led to the current hike in oil price.
Brent oil prices hit a 28-month peak on Friday, nearing $100 a barrel while US crude surged more than 4 percent as anti-government protests in Egypt rattled markets.
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He added that the existing price surge is not at all affected by the supply and demand factor.
On Saturday, Iran which holds the presidency of the OPEC, said that the oil cartel sees no need for holding an emergency meeting due to the recent increase in crude prices.
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