Saudi Arabia ready to join? The headlines are just crossing and oil jumped 40 cents. The final decision won't depend on Iran, Interfax says. This is bullish news for oil. Previously Saudi Arabia had said it wouldn't freeze production unless Iran was involved. USD/CAD dropped 50 pips on the headline to a session low of 1.2848. Update: Russian energy ministry declines comment on IFX report. I wouldn't read much into that headline. They want to save the 'agreement reached' headline for Sunday. (full story)