Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8 percent fall in the previous session on concerns over demand and weak equities. Liquidity in Asia remained low as China is closed all week due to the Lunar New Year holiday, while South Korea was also off on Wednesday and Japan will take a public holiday on Thursday. Prices were supported by comments from Iran’s oil minister that Tehran is ready to negotiate with Saudi Arabia over the current conditions in global oil markets. Meanwhile, the International Energy Agency (IEA) said the Organization of Petroleum Exporting Countries (OPEC) is unlikely to cut a deal with other producers to reduce […]