TEHRAN- Iran sold its light crude oil at $50.93 per barrel in the week ended on September 1, with seven cents decrease from its previous week, IRNA reported on Saturday.

Also, Iran sold its heavy crude oil at $48.51 per barrel in the mentioned week, down $0.33 from its preceding week. 

Meanwhile, with 17 cents drop from its preceding week, Organization of Petroleum Exporting Countries (OPEC)’s basket price stood at $49.53 per barrel in the mentioned week.

Oil prices have been experiencing some downward trend during the last two weeks as commerce and energy demand in the U.S. were hit by hurricanes Harvey and Irma, two of the most powerful storms in a century.

EF/MA