Talk of higher oil prices usually sends oil prices higher, and the situation was supported Wednesday by a drain on U.S. crude oil inventories. A surprise draw on U.S. crude oil inventories and the usual OPEC chatter sparked a major rally for crude oil prices in early Wednesday trading. After the price for Brent crude oil shot up nearly 2 percent in the first few trading days of 2018, Iranian Oil Minister Bijan Zangeneh recognized the support was in part because of the commitment by members of the Organization of Petroleum Exporting Countries to extend a production cut arrangement into a second year. At the time, however, he said OPEC members “are not keen” on anything above $60 because it could stimulate U.S. shale oil production. Any comments on price attributed to OPEC members usually sends the market moving in […]