Friday, April 21, 2006

Iran’s leader hails rising oil prices - Oil & Energy - MSNBC.com

Iran’s leader hails rising oil prices - Oil & Energy - MSNBC.com:

"TEHRAN, Iran - Iran’s president said on Friday the rise in oil price was “very good,” Iran’s Mehr News Agency reported, emphasizing the hawkish position of the world’s fourth largest oil exporter as crude prices have hit record levels.

“The increase of the oil price and growth of oil income is very good and we hope that the oil prices reach their real levels,” Mahmoud Ahmadinejad said as he toured an oil exhibition in Tehran, the agency reported.

He did not say what those real levels should be. But these and other earlier remarks suggest he believes crude prices should rise above this week’s record high of over $74 a barrel. On Friday, European Brent crude fell below $73."

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