Iraq would support an agreement to freeze output: PM Al-Abadi U.S. crude stockpiles rose by 942,000 barrels last week: API Oil is poised for the biggest monthly advance since April as the global surplus diminishes and OPEC’s planned talks fan speculation it could reach an accord on output. Futures slid 0.5 percent in New York, trimming the monthly gain to 11 percent. Iraq’s Prime Minister Haidar Al-Abadi said Tuesday the country would support a proposal among major producers to freeze output . Prices on Wednesday were capped by a report that U.S. crude stockpiles increased by 942,000 barrels last week, according to the industry-funded American Petroleum Institute. Oil entered a bull market Aug. 18, less than three weeks after tumbling into a bear market. A limit on production would be positive for the market, Saudi Arabia’s Energy Minister Khalid Al-Falih said in an interview last week, while ruling out […]