May 16, 2018 / 5:50 PM / 7 days ago

Iran says oil prices at $60-$65 per barrel 'logical' - Mehr

LONDON (Reuters) - Iran’s oil minister said on Wednesday that oil prices at $60-$65 (£44.4-£48.1) per barrel would be “logical”, adding that he believes the United States was trying to keep prices inflated in order to support U.S. shale oil growth.

FILE PHOTO: Iranian Oil Minister Bijan Zanganeh talks to reporters during the 15th International Energy Forum Ministerial (IEF15) in Algiers, Algeria September 27, 2016. REUTERS/Ramzi Boudina/File Photo

“Despite what Americans say that they do not support high oil prices, the high prices of oil can justify shale production, increase investment and create more jobs in the United States,” Bijan Zanganeh was quoted as saying by Mehr news agency.

Reporting by Bozorgmehr Sharafedin; Editing by Elaine Hardcastle

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