World oil prices are overvalued and "not realistic" because the market is being manipulated, Iranian President Mahmoud Ahmadinejad said in an exclusive interview with NBC News
"The market should be free and these commodities should compete in a free setting," Ahmadinejad told NBC's Brian Williams in a taped interview in Tehran. "At the moment, the situation is not realistic."
Oil has fallen over $23 from a record high of $147.27 on July 11, pressured by signs that record-high prices and slowing economies are curbing demand.
Dealers said prices could still head lower for now.
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