Iran says oil at 115 dollars a barrel is too low

TEHRAN (AFP) — 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. “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.

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