Wednesday 17 February 2016

Iran gives oil freeze plan cautious welcome - FT.com

Iran gives oil freeze plan cautious welcome - FT.com:

"Iran on Wednesday cautiously welcomed an initiative to freeze oil output by the world’s largest producers — even though Tehran itself is rushing to increase its own exports.
The Iranian response to a plan backed by Saudi Arabia and Russia helped oil prices to a 7 per cent gain on the day as traders discarded some of their scepticism about the first big effort to reverse the 18-month oil price slide."



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