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Iran`s light crude extended its rally to $54 per barrel in the week to September 15 along with a global upturn in oil market. The light grade rose by $1.60 to $54.01 a barrel in the week.
Iran Heavy. one of the country`s main export grades. settled at $51.60 a barrel. up 91 cents from the previous week. Shana reported on Saturday. citing a report by the Oil Ministry. Iranian crude has averaged $49.31 a barrel in 2017.
The upward trend comes as global oil benchmark Brent was close to $57 a barrel on Friday. holding firm at five-month high. The price of the Organization of Petroleum Countries` basket of 14 crudes stood at $54.59 a barrel on Thursday. compared with $54.06 the previous day. according to OPEC Secretariat calculations.
