Oil rebounds even as Iran dashes hopes of OPEC cut extension
Global benchmark Brent crude turned positive on Monday, after dropping earlier after Iran’s oil minister said OPEC would not extend its production cap pact if high crude oil prices continued./ FILE PHOTO: Crude oil is dispensed into a bottle in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo/ Iran’s oil minister Bijan Zanganehsaid that if crude oil prices continued to rise, there would be no need to extend a pact between the Organization of the Petroleum Exporting Countries and non-OPEC producers aimed at ...
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