Oil futures ended
sharply higher Wednesday, rallying despite a mixed message from Iran's
oil minister over a proposed production freeze by major producers.
West Texas
Intermediate crude for March delivery jumped $1.62, or 5.6%, to end at
$30.66 a barrel. Iran's oil minister didn't commit to a production
freeze after a meeting with some Organization of the Petroleum Exporting
Countries counterparts, but praised a proposed freeze tentatively
agreed upon a day earlier by Saudi Arabia and Russia.
Source: MarketWatch
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