$Stock*Shop*Charts*News*Option$

[Stock Lobster]

OW: Ahmadinejad says oil at $115 a barrel is too low, calls for higher prices (Iran-Oil)

Apr 19, 2008 12:56:00 AM MST

TEHRAN, Iran _ Iran´s hard-line president, Mahmoud Ahmadinejad, says crude oil prices at US$115 a barrel is too low, saying the black gold has to "discover its real value."

Oil prices have hit all-time highs with reports that oil and gasoline stocks in the United States were lower than expected and as the American dollar has hit record lows.

Iran´s state-run website quotes Ahmadinejad saying the current price of oil is a deceiving figure, and that oil is a strategic commodity that needs to discover its real value.


http://www.oilweek.com/news.asp?ID=15479