Iran said to have agreed to OPEC deal

Author: Justin Low | Category: News

Reuters reports

Looks like the deadlock is broken and oil rises to a session high on the back of the headline here. Price is now up by 1.4% to $52.13. However, it must be said that it looks like they're only headed for a base agreement to cut production of 1 million bpd still.

Update: A second source now says that Iran has agreed in principle.

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