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Iran says $115/barrel oil is too cheap

April 19, 2008 · No Comments

Iranian President Mahmoud Ahmadinejad said that oil is priced too low at 115 dollars a barrel adding that the commodity “should find its real value”, the state-run broadcasting website reported Saturday, April 19.

“Oil at 115 dollars a barrel in today’s market is a deceiving figure, oil is a strategic commodity and should find its real value,” Ahmadinejad was quoted as saying. (more…)

Categories: Iran · Iran Mercantile Exchange · Iran oil bourse · OPEC · commodities · crude oil