REUTERS
Oil prices have increased above $35 a barrel, according to the trade data.
As of 8:20 Moscow time the price of Brent oil settled at $35.11 per barrel. WTI March futures rose to $31.3 per barrel.
As reported earlier, Iran appeared Wednesday to back a plan laid out by four influential oil producers to cap their crude output if others do the same, though it offered no indication that it has any plans to follow suit itself.
The agreement reached in Doha the day before by Qatar, Saudi Arabia, Russia and Venezuela is aimed at stabilizing global oil prices, which recently plunged to less than $30 a barrel, a 13-year low. But Iran is keen to ramp up exports to regain market share now that sanctions related to its nuclear program have been lifted under a landmark agreement.