Oil and Gold Investing

Speaking to Shana on the verge of the 149th OPEC meeting which is slated for Sept. 9 in Vienna, Gholam-Hossein Nozari said that “Oil prices have dropped by some 36 dollars. This is while the oil exporting countries have undergone a 25-30 percent rise in production costs.”

OPEC should discuss the ways to curb oversupply in the upcoming meeting, the minister said.

Crude has tumbled from a record high of $147 in July and was trading on Friday at below $107