DUBAI, Aug 17 (Reuters) - OPEC has managed to raise crude
prices and stabilise the oil market, OPEC member Iran's oil
minister, Bijan Zanganeh, was quoted on Monday as saying by his
ministry's website SHANA.
"OPEC's performance has been successful because the price of
oil has risen from $16 in May to around $45 and has stabilised,"
Zanganeh said.
(Writing by Parisa Hafezi; Editing by Hugh Lawson)