Iran supports oil price of $50-60 per barrel, stability measures

Iran supports oil price of $50-60 per barrel, stability measures

Iran supports an oil price of $50-60 per barrel and any measure to stabilise the market, state TV quoted Iran's oil minister Bijan Zanganeh as saying on Tuesday, Reuters reported.

"Iran wants a stable market and therefore any measure that helps the stabilisation of the oil market is supported by Iran," he said after a meeting with OPEC Secretary-General Mohammed Barkindo in Tehran.

"We support oil prices between $50 and $60 per barrel," he said.

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