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Urgent: Oil prices surge as Iran supports output freeze

Xinhua, February 18, 2016 Adjust font size:

Oil prices rocketed Wednesday as Iran supported an output freeze deal proposed by top producers Russia and Saudi Arabia.

The West Texas Intermediate for March delivery moved up 1.62 U.S. dollars to settle at 30.66 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery increased 2.32 dollars to close at 34.5 dollars a barrel on the London ICE Futures Exchange. Enditem