NEW YORK, March 16 (UPI) -- Growing support for a coordinated production agreement to stabilize energy markets lifted crude oil prices Wednesday after two straight days of decline.
Russian officials visited Tehran this week to review a proposal from major oil producers to freeze output at January levels. A reluctant Iran said it would back a coordinated plan, but not until it regains its position in the global market after several years of economic isolation brought on by nuclear-related sanctions.