Oil Set for Weekly Loss as Iran Concerns Ebb, Wider Markets Drop

Oil headed for the first back-to-back weekly drop this year on a risk-off tone in wider markets, concerns about a global crude glut, and the prospect of drawn out US-Iran...

By Weilun Soon · Bloomberg Markets

Oil headed for the first back-to-back weekly drop this year on a risk-off tone in wider markets, concerns about a global crude glut, and the prospect of drawn out US-Iran talks over a nuclear deal.