Oil Rises, Erasing Losses, as Producers Plan New Freeze Talks

Oil rose in New York, erasing earlier losses, as major producers consider reviving talks to freeze output.

West Texas Intermediate for May delivery, which expires Wednesday, rose 43 cents, or 1.1 percent, to $41.51 a barrel, at 11:28 a.m. in New York. OPEC members and other producers plan to meet in Russia, possibly in May, Iraq’s Deputy Oil Minister Fayyad Al-Nima said in a phone interview.

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