WTI Gains for Third Day as Iran Seeks Halt to Price Drop
West Texas Intermediate rose for a third day as Iran said it’s seeking to prevent further price drops, bolstering speculation that OPEC’s biggest producers are taking steps to support the market. Brent gained in London. Futures climbed as much as 0.9 percent in New York, extending a rebound from the lowest level in more than two years. Iranian President Hassan Rouhani instructed the oil ministry to use diplomacy to halt the decline, state-run Mehr news agency reported. Saudi Arabia and Kuwait started cutting output from an oil field on Oct. ...
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