Iran Says $55 Oil Price Suitable, Sees Supply Cut Extension

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Iran sees $55 per barrel as a suitable price for crude oil, and believes that OPEC and non-OPEC producers are likely to extend output curbs to support prices, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Saturday. “The price range of $55 per barrel would be suitable for oil,” Zanganeh said, according to…

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