Iran’s Zanganeh says ‘highly probable’ OPEC will cut output Iraq will offer new plan for Vienna meeting, minister says Oil extended gains as Iran signaled optimism OPEC will agree to a supply-cut deal and Iraq said it will offer new proposals to help bolster the group’s unity before members meet next week in Vienna. Prices rose as much as 1.7 percent in New York, adding to last week’s 5.3 percent gain. Iran Oil Minister Bijan Namdar Zanganeh said it’s “highly probable” members will reach a consensus, according to comments published by Shana news service. Iraq will offer new proposals at the OPEC meeting to help reach an agreement on production limits, Oil Minister Jabbar Al-Luaibi said Monday. Goldman Sachs Group Inc. said in a note it is taking a “tactically bullish” outlook on “stronger OPEC cut rationale.” Oil has rebounded since hitting the lowest in almost two months last […]