Iran’s crude oil price falls to $108
Iran's crude oil prices fell by 20 cents a barrel to $108, the Fars news agency quoted energy expert Esmaeil Rahimi on Saturday.
"Crude oil prices have decreased in Asian markets due to the fact that production resumed in the U.S. after Sandy hurricane subsided recently," he said.
Oil prices sank on Friday after an encouraging U.S. jobs report was overshadowed by post-Sandy shutdowns at U.S. East Coast refineries.
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