Oil Climbs as Iran Seen Taking Part in Informal OPEC Meeting

  • Iran’s oil minister to attend producer talks in Algiers: Shana
  • No ‘significant’ market intervention required: Saudi Minister

JPMorgan's Michele: Oil Can Settle in at $42, $43

Oil increased after a report that Iran’s Oil Minister Bijan Namdar Zanganeh will participate in an informal meeting of OPEC members next month in Algiers.

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