Crude Oil Extends Drop as Iran Spurns Production Freeze Accord

Updated on
  • Iranian output rose by most in almost two decades in February
  • U.S. stockpiles forecast to climb 3.2 million barrels: survey

Oil Rose as Producers Said to Meet Over Freeze

Oil dropped for a second day as Iran bolstered crude exports and Russia signaled the Persian Gulf nation won’t join major producers in freezing output to reduce a global glut.

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