NEW YORK, February 17. /Corr. Ivan Sawyers/. The price of Texas light oil (WTI) for March delivery rose sharply in trading in new York after the statement of the Minister of oil of Iran of Bijan Namdar Zanganeh that Iran will support any initiative related to improving the situation on the market of “black gold”.
A barrel of WTI rose by $1,63 (5.61 percent) to $30,67 .
“Iran will support any step aimed at improving the situation on the crude oil market and rising oil prices,” he previously led the Agency SHANA said Zanganeh on the basis of consultations with the Minister of petroleum and mines of Venezuela, Eulogio del Pino, the oil Minister of Iraq Adel Abdel Mahdi and Minister of energy and industry of Qatar Mohammed bin Saleh al-the Garden to freeze the production of “black gold”.
Yesterday in the Qatari capital Doha, the Saudi Arabia, Qatar, Venezuela, included in OPEC and Minister of energy of the Russian Federation Alexander Novak expressed the readiness to save, on average, in 2016 oil production at the level of January 2016, if other countries-oil producers will join this initiative.
Oil prices over 40 years