Oil rose on Friday — paring a hefty weekly decline — before an OPEC+ meeting on supply at which Saudi Arabia could push for output cuts, and as efforts to revive an Iranian nuclear accord suffered a setback. West Texas Intermediate climbed above $89 a barrel, after slumping almost 11% over the prior three days. Crude has come under pressure this week as tighter monetary policy and renewed anti-virus lockdowns in China spurred concern that consumption will weaken. The dollar’s jump to an all-time high has also weighed on prices in the run-up to Monday’s OPEC+ gathering. Traders were also tracking diplomatic efforts aimed at reviving Iran’s 2015 nuclear deal , which may unlock substantial crude flows if US sanctions are lifted as part of any agreement. The US State Department said Thursday that Iran’s latest response was “not constructive.” Oil fell by more than a fifth in the […]